Deputy Nabiullina, who previously stated that “it’s a little late to help pensioners”, will “continue his career” outside the Central Bank

The Bank of Russia has made major personnel changes within the regulator. So, according to the release of the Central Bank, two deputy chairmen of the Bank of Russia Elvira Nabiullina will leave their posts in the near future.

First Deputy Chairman Sergei Shvetsov will leave his post on March 21, 2022, the message of the Central Bank notes that he “decided to continue his career” elsewhere.

According to TASS, Shvetsov may head the Supervisory Board of the Moscow Exchange if he is supported by the Supervisory Board.

Recall that in September, Sergei Shvetsov made a statement that caused a public outcry and for which Nabiullina subsequently had to apologize.

“To help pensioners, my personal opinion, is a little late,” Sergei Shvetsov said. He gave pensioners advice “not to rely only on the state.” He also said that the situation, “when a person retires, relying entirely on the state, this is called socialism.” And now we must strive to move away from such a system by adjusting pension institutions and encouraging citizens’ own savings.

After that, the head of the Bank of Russia, Elvira Nabiullina, expressed regret “about the extremely unsuccessful wording of her deputy on the issue of supporting pensioners.” She assured that providing all citizens of Russia with a decent pension is one of the priorities of the state. “Most of those who have already retired or are retiring now did not have the opportunity to save for old age. And, of course, this is one of the state’s priorities to provide a decent pension for everyone,” she said.

It also became known that on January 25, Deputy Chairman Dmitry Skobelkin will leave the Central Bank.

As for appointments within the regulator, Vladimir Chistyukhin, Deputy Chairman of the Bank of Russia, has been appointed First Deputy Chairman of the Bank of Russia since January 17, 2022, and Philip Gabunia, Director of the Insurance Market Department, will take up the post of Deputy Chairman of the Bank of Russia from January 17, 2022.

Yuri Isaev will be appointed Deputy Chairman of the Bank of Russia from January 26, 2022.

According to the release, he will oversee the Department for Combating Unfair Practices, the Department for Financial Monitoring and Currency Control, as well as the representative office of the Bank of Russia in the People’s Republic of China.