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Andrei Klepach

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geopolitics2 months ago•2 min saved

Klepach Dismissed as Kremlin Silences Warning of Wartime Social Crisis

Andrei Klepach, chief economist at Russia’s state development bank VEB.RF, was dismissed on Sunday after a May speech warning that Moscow cannot win a prolonged war of attrition against Ukraine. Klepach predicted a looming social crisis due to mounting costs, contradicting official claims of economic resilience. The dismissal, reportedly ordered by the Kremlin, highlights the regime’s intolerance for dissent within its economic elite.

via CNBC|

#andrei-klepach #geopolitics #kremlin-policy

economy2 months ago•1 min saved

VEB Fires Chief Economist After He Predicts Russia Will Lose Wartime Attrition

Andrei Klepach, chief economist at Russia’s state development bank VEB, was dismissed after publicly warning that Moscow cannot win a prolonged economic war of attrition against Ukraine. His May speech, which gained traction this week, argued that Russia is falling behind the US, China, and even Ukraine economically. The Kremlin’s move signals a crackdown on dissenting economic views amidst a widening budget deficit and mounting social instability risks.

via The Guardian|

#andrei-klepach #economy #russia

politics2 months ago•102 min saved

Kremlin Bank Chief Warns of Imminent Russian Social Crisis

Andrei Klepach, chief economist at Russia’s Vnesheconombank, publicly warned that the country faces a looming 'social crisis' due to economic stagnation and military losses in Ukraine. Speaking at a Moscow forum, Klepach stated that Russia is losing technological and economic ground to the U.S., China, and even Ukraine. He compared the current trajectory to the 1917 February Revolution and the 1991 Soviet collapse, noting that while economic collapse may not occur, the widening gap in global competition will have severe consequences. The Daily Beast reports that Klepach’s remarks were largely censored on Russian search engines, highlighting the tension between Kremlin messaging and internal economic realities.

via thedailybeast.com|

#andrei-klepach #economy #politics