US Curbs on Russian Banks Would be Act of Economic War: PM

Prime Minister Dmitry Medvedev. Credit: government.ru

(From Reuters)

Russia would consider any U.S. move to curb the operations of Russian banks or their foreign currency dealings a declaration of economic war, Prime Minister Dmitry Medvedev said on Friday.

The United States announced a new round of sanctions on Wednesday targeting Russia that pushed the rouble to two-year lows and sparked a wider sell-off over fears Russia was locked in a spiral of never-ending sanctions.

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