MOSCOW, March 22. /TASS/. Russia’s President Vladimir Putin has submitted to the State Duma, lower house of parliament the candidacy of Elvira Nabiullina for her appointment to the post of Chairperson of the Central Bank, the Kremlin website reported.

"The President has introduced the candidacy of Elvira Nabiullina to the State Duma, for her appointment to the post of Chairperson of the Russian Central Bank from June 24, 2017," according to the statement.

Earlier today, Putin recommended the State Duma to extend Elvira Nabiullina's authority as the Chairperson of the Central Bank. Her authorities as the current head of the regulator expire in June.