State-owned VEB.RF (Vnesheconombank) has stated that Russia cannot win the economic confrontation with the West as long as Western countries continue to support Ukraine. According to him, the Russian economy is facing rising costs, falling investment, and technological lag, reports The Moscow Times. The bank's chief economist, Andrei Klepach, said during a session of the Nikitsky Club that sanctions and the Western blockade are increasing the costs of the Russian economy, and that Ukrainian strikes on ports, infrastructure, chemical plants, and oil refineries are causing ever-greater damage to Russia. Klepach stated that Russia is losing the technological and economic competition...