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Sunday, 16 August 2026

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Economic adviser Klepach fired after comments

Andrej Klepach, the chief economist of VEB.RF, was dismissed following his remarks about Russia's economic situation published in the media.

Economic adviser Klepach fired after comments
Photo: Milgesch · Wikimedia Commons · Public domain

The state corporation VEB.RF has terminated the employment of its chief economist Andrej Klepach. The dismissal is linked to comments made by Klepach that were published in the media, in which he described the impossibility of Russia achieving victory in the economic 'war of attrition.'

According to reports from The Bell, VEB announced Klepach's dismissal following public interest in his speech, in which he also pointed to Russia's technical and economic disadvantages, on Sunday, August 16.

Additionally, Klepach highlighted the potential for a social crisis in his address. These remarks attracted attention and led to his official dismissal, as confirmed by Novaya Gazeta Europe.

VEB has yet to issue an official statement regarding the dismissal, and questions remain about the exact content and surrounding circumstances of Klepach's speech.