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  • Top Russian economist replaced after warning of economic costs of Ukraine war

    08/18/2026 11:24:54 AM PDT · by Miami Rebel · 8 replies
    CNN ^ | August 18, 2026 | Anna Chernova + Issy Ronald
    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. 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. A new candidate has been selected and will be appointed soon, TASS added. VEB repeated the same statement to CNN. That announcement came two days after...