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Russia Warns Washington Of Economic War
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10 Aug 2018 01:42 PM EST

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. The country said it would retaliate against such moves. The language stepped up a war of words with Washington over spiraling sanctions. Reuters reports that the warning, from Prime Minister Dmitry Medvedev, reflects Russian fears over the impact of new restrictions on its economy and assets. The rouble has lost nearly six percent of its value this week on sanctions jitters. Economists expect the economy to grow by 1.8 percent this year. If new sanctions proposed by Congress and the State Department are implemented in full, however, some economists fear growth would be almost cut to zero in future.


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