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US curbs on Russian banks would be act of economic war: PM Dmitry Medvedev

Economists expect the Russian economy to grow by 1.8 per cent this year

Reuters  |  Moscow 

Russia warned the United States on Friday it would regard any US 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 rouble and US 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 rouble which has lost nearly 6 per cent of its value this week on sanctions jitters. Economists expect the Russian economy to grow by 1.8 per cent this year. But if new sanctions proposed by ...

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First Published: Sat, August 11 2018. 00:00 IST
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