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Russia's Economic War of Attrition | Wilmington News
A top Russian economist just got fired for sounding the alarm: Russia’s economy is in freefall, technologically behind, and the war in Ukraine is bleeding it dry. Andrei Klepach warned of a looming social crisis as Moscow loses ground to both the U.S. and China — and even Ukraine, thanks to Western aid. While oil prices are temporarily propping up the budget, experts say the long-term outlook is bleak. Meanwhile, the EU is preparing a massive new wave of sanctions targeting 1,600 more Russian entities — set for September proposal, October adoption — as ground fighting continues to escalate…
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