Russian parliament confirms new central bank chief

Russian parliament confirms Putin confidante Nabiullina as new central bank chief

Associated Press

MOSCOW (AP) -- Russian lawmakers have approved President Vladimir Putin's economic advisor, Elvira Nabiullina, to become the new central bank chief.

Three hundred and sixty members of the Kremlin-controlled parliament voted in favor of Nabiullina's candidacy Tuesday, with twenty against and one abstaining.

Nabiullina, whose four-year term begins in June, is the second woman to head Russia's central bank. No other industrialized nation has had a woman head their central bank.

A Putin loyalist, she oversaw Russia's entry into the World Trade Organization as economic development minister, a post she held from 2007 to 2012.

Nabiullina was widely seen as a compromise candidate between the current deputy bank chief, Alexey Ulyukaev, and the hawkish presidential advisor Sergey Glazev.

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