One of Russia's Most Important Bankers Has Bad News for Putin. "We're Going to Get to a Social crisis."
10 Articles
10 Articles
Russia will not be able to win the competition in "the war of economic exhaustion, under conditions in which Ukraine is supported by the Western world," said Andrei Klepaci, the chief economist of the Vneşeconombank - an important Russian state bank, which finances the Kremlin's national projects and has the status of "State Corporation for Development".
The economist of the State Bank of the Russian Federation admitted that Russia has lost the war of attrition with the West. The chief economist of VEB Andrey Klepach said that Russia is losing technological and economic competition, in particular to Ukraine. He predicts a social crisis in the Russian Federation due to rising costs and a decline in the economy.
What will determine Russia's loss in a protracted war? State-owned VEB.RF (Vnesheconombank) stated that Russia cannot win the economic standoff with the West as long as Western countries support Ukraine. According to it, the Russian economy is facing rising costs, falling investment, and technological lag. This was reported by RBC-Ukraine, citing The Moscow Times. The bank's chief economist, Andrei Klepach, said during a session of the Nikitsky …
The Chief Economist of the State Corporation, WEB.RF, Andrei Klepach, stated that Russia would not be able to win the economic "war on exhaustion" written by The Moscow Times, and he said that the country was increasingly lagging behind the rest of the world in the development of technology, and the costs of sanctions were only increasing.
In Russia, the alarm was sounded because of the economy: the chief economist of the WEB.RF recognized the lag behind Ukraine and warned of a “social crisis”. What you know, read TSN.ua (news 1+1).
Andrei Klepach spoke about this at a meeting of the Nikit Club on May 21, whose transcript was drawn to the attention of The Moscow Times, the rain network: news, video, air, online, archive, programme.
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