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  • Russian state bank chief economist reportedly fired after warning of defeat in economic war with West

    08/16/2026 5:06:24 PM PDT · by Apparatchik · 44 replies
    The Kiev Independent via MSN ^ | 16 August 2026 | Olena Goncharova
    Andrei Klepach, the chief economist at Russian state development corporation VEB.RF, was reportedly fired on Aug. 16, a day after Russian media widely circulated his warnings that Russia was losing its economic and technological competition with the West. Russian independent media outlet The Bell reported Klepach’s dismissal on Aug. 16, citing two people familiar with the matter. The report came two days after The Moscow Times published excerpts from Klepach’s May remarks, which were subsequently picked up by other Russian media. Speaking at an event organized by the Moscow Exchange’s Nikitsky Club, Klepach reportedly said Russia would be unable to...