IMF welcomes US-sanctioned former Russia central banker to executive board
Former first deputy governor of Bank of Russia Ksenia Yudaeva has been elected as the IMF’s executive director for Russia and Syria
Ksenia Yudaeva, under sanctions from the United States, has been elected as the International Monetary Fund’s executive director for Russia and Syria, the IMF said on Friday.
The executive board is the IMF’s top day-to-day business decision-making body. Executive directors are elected by member countries or by groups of countries.
The outgoing Russian executive director announced in September that Yudaeva, a former adviser to Bank of Russia Governor Elvira Nabiullina, would become the country’s new representative.
Yudaeva declined to comment.
A spokesperson for the fund said executive directors were IMF officials and have the duty to act in the interest of the lender and in line with its legal and policy frameworks.
“They may, and in practice they regularly, convey the views of the countries or groups of countries that have elected them,” the spokesperson added.
