Skip to main content
UK Edition

Tuesday, 29 September 2026

Trade News UK

The latest UK news, business, transport and more

News

Senior Russian banker fired after scathing speech on wartime economy

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.

Continue reading...