The Central Bank also cut its key interest rate by 25 basis points to 14.25%, while stressing that it could not ease monetary policy as quickly as analysts had expected because of persistent inflation risks.
Nabiullina's term expires on June 24, 2027. Under Russian law, this is her third and final term as governor of the Bank of Russia. Sources cited by the Financial Times and The Bell identified Kremlin deputy chief of staff Maxim Oreshkin and Promsvyazbank CEO Pyotr Fradkov as the leading candidates to succeed her.
Earlier reports noted that Bank of Russia Governor Elvira Nabiullina had been absent from the public eye for an extended period, fueling speculation about possible personnel changes that could affect not only the central bank but also Russia's broader power structure.
On June 18, 2026, the Bank of Russia explained the reason for Nabiullina's absence from public view.