More Western sanctions will be seen as ‘economic war’, Moscow warns

Medvedev said that nothing has changed the last 100 years, considering that the US and its allies have been putting pressure on Russia through economic sanctions that “undercut global competition”. [EPA-EFE/YURI KOCHETKOV]

If the United States decides to impose more sanctions on the banking sector or on specific currencies, then Russia will regard it as an “open declaration of economic war,” Russian Prime Minister Dmitry Medvedev has warned.

Russia would consider it an economic war if the United States imposed a ban on banks or a particular currency, the TASS state news agency quoted Medvedev as saying.

“I would not like to comment on talks about future sanctions, but I can say one thing: If some ban on banks’ operations or on the use of one or another currency follows, it would be possible to clearly call it a declaration of economic war,” Medvedev said.

“And it would be necessary, it would be needed to react to this war economically, politically, or, if needed, by other means. And our American friends need to understand this,” he added.

US imposes sanctions on Russia for nerve agent attack in UK

Washington said on Wednesday (8 August) it would impose fresh sanctions on Russia by the end of August after it determined that Moscow had used a nerve agent against a former Russian agent and his daughter in Britain.

Washington imposed yesterday (9 August) fresh sanctions on Russia after it determined that Moscow had used a nerve agent against a former Russian agent and his daughter in Britain. They will come into effect on August 22.

Russia’s ruble plunged while the dollar hit its highest level against the ruble since November 2016.

European countries and the United States expelled 100 Russian diplomats after the attack, in the strongest action by President Donald Trump against Russia since he came to office.

Medvedev said that nothing has changed the last 100 years, considering that the US and its allies have been putting pressure on Russia through economic sanctions that “undercut global competition”.

Referring to Washington’s push for LNG shipments to Europe against Russian gas, the Russian politician said, “It’s an absolutely nonmarket anti-competition measure aimed at strangling our capabilities.”

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