Andrei Klepach, chief economist at Vneshekonombank (VEB), a major Russian state-owned bank, has stated that Russia cannot win a war of attrition against Ukraine, which is backed by the West.

The Kremlin ordered the dismissal of Andrei Klepach, chief economist at Russia's state development bank WEB, after he warned that Russia would lose an 'attrition war' with the West and its economy would fall further behind foreign competition.

Andrei Klepach, chief economist at Russia's state-owned VEB RF bank, has reportedly been dismissed following media attention to his critical remarks about the war of attrition.