Russia’s biggest state development corp fires Andrei Klepach, its chief economist, for saying in May that Moscow is losing its war of attrition with the West, and losing it ‘in some ways’ to Ukraine
The Russian state development corporation VEB.RF has fired its chief economist, Andrey Klepach. The corporation dismissed him over “harsh personal assessments” of Russia’s economic and political development — views that did not match VEB.RF’s own position, an acquaintance of Klepach’s told the Russian business daily Vedomosti. VEB.RF head Igor Shuvalov removed Klepach from his post after a phone…
Ved.RF, Russia's largest state development corporation, has terminated the employment of its chief economist, Andrey Klepach, for delivering "harsh personal assessments" of the country's economic and political situation. Klepach's dismissal came after he made remarks during a meeting of the Moscow Exchange’s Nikitsky Club, claiming that Russia was losing its "war of attrition" with the West and even losing it to Ukraine.
His comments, made in May, gained significant attention this month, leading to his firing on August 16. Klepach's statements highlighted concerns about falling behind technologically and economically, with potential consequences for the nation's social fabric. Despite his accurate and cautious approach, Klepach found himself in hot water due to the disagreement with Ved.RF's position.
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