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VEB chief economist fired after scathing speech on Russia's wartime economy
Andrei Klepach, chief economist at Russia's state-controlled development bank VEB, has been fired after Russian media reported on a speech he delivered to fellow economists in May. In the speech, he warned that Russia was falling behind China, the US and "in some respects Ukraine" economically, and that Moscow could not win a prolonged economic war with Kyiv. He had held the role at VEB since 2014.
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