Russia nominates Ksenia Yudaeva for Executive Director at IMF - order

MOSCOW. Sept 25 (Interfax) - Russian Prime Minister Mikhail Mishustin has asked Finance Minister Anton Siluanov, who is International Monetary Fund Governor for the Russian Federation, to nominate Ksenia Yudaeva for election as Russia's Executive Director at the IMF.

Mishustin signed an order the matter on September 24.

Siluanov will be required to report back when Yudaeva has been nominated as IMF Executive Director.

It emerged in early September that Yudaeva, a former Central Bank of Russia first deputy governor, could become Russia's Executive Director at the IMF.

Alexei Mozhin has been Russia's permanent representative at the IMF since the 1990s. Back in 1991, when Yegor Gaidar led the government, he headed a new department for liaison with international financial organizations, and he became Russia's Executive Director at the IMF in 1996.

Mozhin has been Dean of the IMF Executive Board since 2014 as the Fund's oldest active member. This status carries with it certain functions, for example, the Dean makes announcements on behalf of the board on the selection and appointment of the IMF Managing Director. The IMF Board of Governors suspended the role of Dean in March 2022, in connection with the events in Ukraine.