Putin’s Faltering War Economy

In a sign of the unease about Vladimir Putin’s ongoing war in Ukraine that exists behind closed doors in Moscow, one of Russia’s most senior bankers was fired yesterday after a series of critical comments he made earlier in the year about the fragility of Russia’s economy. Warning that Russia was “falling behind” globally both technologically and economically, Andrey Klepach stated the country would fail to win the economic “war of attrition” against Ukraine. “The Ukrainian economy, despite everything, is surviving,” he said.