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Nabiullina

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Nabiullina's sudden public silence fuels resignation speculation in Russia
world2 months ago

Nabiullina's sudden public silence fuels resignation speculation in Russia

Elvira Nabiullina, Russia’s central bank governor, has not appeared in public for over a week, with the Central Bank and Kremlin saying she’s ill. Her absence from key events and meetings with Putin has sparked speculation about a possible resignation or extended absence, amid talk of who could replace her and whether her term could be extended beyond 2027, in a period of debate over border controls and martial law implications.

Russia’s labor drought deepens as central bank chief flags 2.5 million missing workers
economy3 months ago

Russia’s labor drought deepens as central bank chief flags 2.5 million missing workers

Russia faces an unprecedented labor shortage after FinExpertiza data show the labor reserve shrinking by about 2.5 million since the 2022 invasion, a figure Bank of Russia chair Elvira Nabiullina publicly confirmed. The shrinking pool is driving wage pressures while industry cuts and lower production persist, as emigration and demographic decline deepen the squeeze. In response, the state is leaning on automation, retraining, and the gig/self‑employment push, but analysts warn that without sustained productivity growth of around 3–4% annually the gap will widen.