Deputy Chairman of the Bank of Russia Yuri Isaev will step down on August 1. This was reported on the website of the Central Bank. As noted in a press release, Isaev leaves the post "of his own free will."
He was appointed to the post of Deputy Elvira Nabiullina in the Central Bank in January 2022 at the request of the FSB. According to Meduza's sources close to the Central Bank and the government, this appointment was made before the start of the war "in response to new events."
Prior to that, Isaev headed the Deposit Insurance Agency for nine years.
As deputy head of the Central Bank, Isaev was a member of the government commission for monitoring foreign investment. In particular, his duties included monitoring the mechanism for paying foreign currency debt to creditors from "unfriendly countries." The commission also considers transactions for the purchase of assets of foreign companies that are leaving Russia against the backdrop of the war in Ukraine and the sanctions imposed.
