Top Russian economist replaced after warning of economic costs of Ukraine war
Anton Vaganov/Reuters Andrey Klepach, one of Russia’s top economists, has been replaced as chief economist of the country’s national development bank shortly after a speech was made public in which he reportedly said Russia’s economy was being damaged by the war in Ukraine.
Since May, when Klepach made this speech, Ukraine has intensified its aerial assaults against Russian infrastructure in what appears to be an effort to bring the war home to everyday Russians and to press the country’s business elite to push for an end to hostilities.
Russia’s state news agency TASS confirmed Sunday that Klepach “no longer holds the position of chief economist at VEB,” one of Russia’s largest banks, but did not give a reason for his departure.
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