An economist presented an assessment of the economic and geopolitical challenges facing Russia during a forum at the Nikikio club in Moscow in May. His analysis indicated that the nation’s military economy is currently experiencing stagnation. This slowdown, according to the report, is attributed to a combination of factors, including high levels of defense expenditure, strict monetary policy restrictions, international sanctions, and the ongoing impact of the conflict in Ukraine.
Separately, reports emerged detailing personnel changes within the state-owned corporation VEB. Igor Shuvalov, the head of VEB, reportedly dismissed A. Klepač on Sunday.
This action followed media coverage of Klepač’s assessments, which were understood to have originated from directives received from senior sources. Regarding the conflict, the economist said that Russia might continue a strategy of war of exhaustion, potentially allowing it to avoid outright military defeat. However, his assessment also warned of significant risks, specifically the potential for a domestic social crisis and a continued widening gap in economic and technological development relative to the United States, China, and Ukraine.
In other developments, Russia has reportedly invited the Japanese ambassador to visit disputed islands. Concerning the broader conflict, Klepač did not receive an immediate response to his comments, and he further suggested that Ukraine was exacerb
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