“We Will Lose”: Chief Economist at Russia’s Top State Bank Fired After Admitting War Failure

The illusion of Russian economic resilience is shattering from the inside. Andrey Klepach, Chief Economist at state development bank VEB, bluntly admitted during a recent address that Russia cannot win an “economic war of attrition” against Western allies—and was promptly fired for speaking the truth.

Key admissions from the Kremlin’s top economist:

War of Attrition Lost: Klepach rejected claims of Western collapse, noting that rising domestic costs, sanction pressures, and precision Ukrainian strikes on refineries, ports, and chemical plants are devastating Russia’s economy.

Technological Defeat: Russia is falling behind not only the US and China, but even Ukraine, whose economy continues to adapt and survive thanks to sustained international financial backing.

Growth Stagnation & Social Collapse: With potential GDP growth capped at a pathetic 1-1.5%, compounding infrastructure losses will inevitably lead to a severe domestic social crisis.

When the Kremlin’s own chief bankers get fired for stating basic economic facts, the regime’s systemic collapse is closer than they admit.