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Sunday, 1 November 2026

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Senior Russian banker fired after scathing speech on wartime economy

Markets Brief, UK brief (2026-08-17): The chief economist at Russia’s second-largest bank has been fired after a series of critical comments about the state of the economy, including warnings that… Primary source: original at The Guardian (theguardian.com).

Senior Russian banker fired after scathing speech on wartime economy

The chief economist at Russia’s second-largest bank has been fired after a series of critical comments about the state of the economy, including warnings that Moscow would not win a prolonged economic war with Ukraine.

Andrei Klepach, who had served in the role at the state-controlled development bank VEB since 2014, was fired days after Russian media reported on a scathing speech he had delivered to fellow economists in May.

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