Browsing: Kremlin

Andrei Klepach, chief economist atVEB RF (previously known as Vnesheconombank, Bank for Foreign Economic Affairs), a major Russian state-owned bank, has said that Russia will not be able to win a war of attrition against Ukraine backed by the West and is inevitably heading towards a major social crisis.

Russia’s largest e-commerce companies have appealed to the government for non-refundable federal financial aid to compensate sellers for catastrophic losses caused by Ukrainian drone attacks, The Moscow Times reported on August 14.