Senior Russian banker fired after scathing speech on wartime economy
Andrei Klepach, a senior economist at Russia's state-controlled VEB bank, was fired after publicly criticizing the country's wartime economic strategy. Klepach warned that Russia cannot win a war of attrition against Ukraine and faces an inevitable social crisis.
Why it matters
The firing highlights the internal dissent within the Russian economic establishment regarding the long-term viability of the war effort.
Andrei Klepach in June 2022. He was fired days after Russian media reported on a scathing speech he had given in May this year. Andrei Klepach in June 2022. He was fired days after Russian media reported on a scathing speech he had given in May this year. Russia Senior Russian banker fired after scathing speech on wartime economy Andrei Klepach of VEB said Russia’s economy was falling behind China, US and ‘in some respects Ukraine’
Prefer the Guardian on Google The chief economist at Russia’s second-largest bank has been fired after a series of critical comments about the state of the economy, including warnings that Moscow would not win a prolonged economic war with Ukraine .
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in