Andrei Klepach, chief economist at Vnesheconombank, has expressed concerns regarding Russia's ongoing war with Ukraine during a forum in Moscow. He stated that Russia is falling behind in technological and economic competition, not only against the U.S. and China but also against Ukraine. Klepach emphasized that the country is facing mounting costs and warned of a potential social crisis, drawing parallels to historical events such as the fall of the Soviet Union and the February Revolution. His comments have reportedly been censored on Russian internet platforms. Abbas Galyamov, a former speechwriter for President Vladimir Putin, noted that Klepach's insights are significant given Putin's past attentiveness to his advice.
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Economist from Russian State Bank Warns of Potential Social Crisis Due to War Costs
Andrei Klepach, chief economist at Vnesheconombank, has warned of a potential social crisis in Russia due to the costs associated with the ongoing war in Ukraine. He highlighted the country's declining position in technological and economic competition and drew historical parallels to significant events in Russian history. His remarks have faced censorship on Russian internet platforms.
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Russian State Bank Economist Warns of Social Crisis Over War Costs
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Economist from Russian State Bank Warns of Potential Social Crisis Due to War Costs