15 Oct 2009 14:02

Russian president replaces representatives on National Banking Council

MOSCOW. Oct 15 (Interfax) - The Russian president has replaced two of his representatives on the National Banking Council (NBC).

A Kremlin source told Interfax that Ilya Lomakin-Rumyantsev, head of the President's Expert Directorate, and Yury Chikhankin, head of the Financial Monitoring Service, were appointed to the council by a presidential order dated October 14.

They replace First Deputy Prime Minister Igor Shuvalov and Tatyana Paramonova, a former Central Bank first deputy chief who currently works as advisor to the head of Russian Railways (RZD) .

Arkady Dvorkovich, a presidential aide, keeps his place on the NBC.

Dvorkovich and Shuvalov were appointed to the NBC in 2004. Dvorkovich headed the Expert Directorate at the time.

Paramonova was installed in September 2007, to replace Oleg Vyugin, when he stepped down as head of the Federal Financial Markets Service (FFMS).

The State Duma voted to remove its representative Anatoly Aksakov from the National Banking Council a month ago. Viktor Pleskachevsky, the chairman of the Duma's Ownership Committee, replaced Aksakov.

Duma speaker Boris Gryzlov asked the Financial Markets Committee back on August 12 to look at changes to the NBC and removing Aksakov after the latter suggested the ruble ought to be devalued another 30%-40% in order to give industry a lift. The United Russia faction described the proposal as "anti-popular."

Aksakov represents the Fair Russia faction in the Duma. Pleskachevsky represents United Russia. All the Duma members on the NBC will now be from United Russia.

Two other Duma members currently serve on the NBC. United Russia's Vladislav Reznik and Pavel Medvedev are the council's other Duma representatives. Aksakov had served on the NBC since December 2002.