Russian Prime Minister Dmitry Medvedev says Moscow will consider any new sanctions by the United States as a “declaration of economic war” and will retaliate in kind.
The US announced a new round of sanctions on Wednesday, following separate legislation introduced last week in draft form that proposes curbs on the operations of several state-owned Russian banks in the US and restrictions on their use of the dollar.
Speaking to reporters during a visit to the Kamchatka Peninsula in the Russian Far East on Thursday, the Russian premier said his country is not going to tolerate bans on its financial institutions.
“I would not like to comment on talk about future sanctions, but I can say one thing: If something like a ban on the operations of banks or on the one currency or another follows, it would be possible to completely directly call it a declaration of economic war,” Medvedev said.
“And it would be necessary…to react to this war…