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Yuriko Nadia Backes (born 22 December 1970) is a diplomat and politician who serves as Minister for Defence and Minister for Mobility and Public Transport since 2023. She served as Minister for Finances from 2022 to 2023. A member of the Democratic Party, she has led the nation's financial sector through the economic crisis caused by the inflation surge and the Russian invasion of Ukraine. Prior to her appointment as minister, she held several key diplomatic positions, and was the diplomatic advisor to prime ministers Jean-Claude Juncker and Xavier Bettel.
From 2008 to 2010, Backes was deputy head of the Directorate for International Economic Relations at the Ministry of Foreign Affairs. From 2010 until June 2016, she was the diplomatic adviser for prime ministers Jean-Claude Juncker and Xavier Bettel. From 2016 until 2020, she was the representative of the European Commission to Luxembourg, becoming the first woman to hold the office.
On 1 June 2020, Backes was appointed Luxembourg's first female Hofmarschall (, ), the highest administrative position in the household of Grand Duke Henri. In this role, she oversaw and organized the day-to-day activities of the Grand Duke.
Though initially intending her tenure to operate ad interim with a "simple" economic framework, the Russian invasion of Ukraine, which began the month after she took office, exasperated Luxembourg's ongoing inflation crisis. A proponent of European solidarity against Russia, Backes is an outspoken supporter of Ukraine. At the April 2022 IMF/World Bank summit in Washington, D.C., she "underlined Luxembourg's commitment to multilateralism and international solidarity" and "reaffirmed Luxembourg's pledge to allocate 1% of its GNI to development aid". She also reiterated Luxembourg's support for Ukraine during a meeting with Ukrainian finance minister Serhiy Marchenko.
Backes is also a proponent of closer relations between Luxembourg and Asia. In April 2022, she met with several Japanese CEOs regarding economic cooperation between the two nations. In May 2023, she travelled to China, where she held meetings with finance minister Liu Kun, China Securities Regulatory Commission chairman Yi Huiman, and several Chinese bank officials. Among the topics of discussion were capital market cooperation, green finance, and Luxembourg's desire to strengthen diplomatic and economic ties with China.
In 2023, Backes declared that Luxembourg was in the midst of an economic crisis primarily caused by inflation. Though she opposed a decrease in the tax rate, she instead backing a proposal which would distribute targeted tax credits totaling €500 million as a response to the crisis. She also oversaw a 1% reduction in the value-added tax as part of an inflation-reduction measure, as well as the implementation of international taxation on multinational corporations based in Luxembourg, which affected around 7,500 firms. In December 2022, her proposed budget, which "avoided austerity" while keeping investment and solidarity spending high, passed through the legislature and allowed Luxembourg to retain its AAA credit rating from Fitch Ratings.
In late 2022, Backes highlighted the importance of the fight against money laundering in Luxembourg, stating that failing an audit from the Financial Action Task Force would "permanently compromise Luxembourg's reputation as a financial centre". She is also a supporter of the digital transformation and the Digital Services Act.
On 17 November 2023, Backes was sworn in with the rest of the Frieden-Bettel-government. She has three new portfolios: Mobility and Public Works; Defense; and Gender Equality and Diversity. The accumulation and combination of portfolios was described by commentators as unexpected. Backes is the only minister in the Frieden-Bettel government to manage three portfolios.
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