Russia tells Washington curbs on its banks would be act of economic war

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Russia tells Washington curbs on its banks...
 © CyprusMail 2018
Russia warned the United States on Friday it would regard any U.S. move to curb the activities of its banks as a “declaration of economic war” and would retaliate, as new sanctions took their toll on the ruble and U.S. lawmakers threatened more.

The warning, from Prime Minister Dmitry Medvedev, reflects Russian fears over the impact of new restrictions on its economy and assets, including the ruble which has lost nearly six percent of its value this week on sanctions jitters.

Economists expect the Russian economy to grow by 1.8 percent this year. If new...


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Russia tells Washington curbs on its banks would be act of economic war


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