Russia says its economy is strong. It just fired a top economist who warned otherwise
Andrei Klepach was reportedly fired from his role after presenting a report warning that Russia could not win a prolonged war of attrition with Ukraine.
TL;DR
- Russia insists its economy is resilient and strong despite "unprecedented foreign pressure."
- Top economist Andrei Klepach was reportedly fired after warning that Russia cannot win a prolonged war of attrition and predicting a social crisis.
- Ukraine's attacks on Russia's energy infrastructure are increasing pressure on the wartime economy.
- The Russian government points to its low public debt and claims Western sanctions have backfired.
- Analysts suggest Russia's seemingly growing economy masks issues like reliance on military spending, higher taxes, and subsidized lending.