Key facts
- The EU plans to introduce its most extensive sanctions package against Russia in the autumn.
- EU foreign policy chief Kaja Kallas announced the planned sanctions.
- The sanctions aim to further pressure Russia's war economy and deprive it of funds.
- Andrei Klepach, chief economist at VEB.RF, was reportedly fired.
- Klepach's remarks warned of Russia's inability to sustain economic and technological competition with the West.
- Klepach also reportedly predicted a future social crisis.
- Klepach's remarks were widely circulated before his reported dismissal.
The European Union is set to implement its most comprehensive sanctions package against Russia in the autumn, according to EU foreign policy chief Kaja Kallas. The proposed measures are designed to intensify pressure on Russia's war economy and further limit its access to funds. This development occurs amidst reports of internal criticism within Russia regarding the economic conflict.
