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 across both countries. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b2060af7742bf688