Moscow to treat new US sanctions as act of economic war


Moscow considers Washington’s new anti-Russia sanctions over the ex-spy poisoning as a declaration of economic war, Prime Minister, Dmitry Medvedev, said on Friday.

“All I can say is: if they ban banking operations or the use of any currency, we will call it a declaration of economic war,’’ he said during his visit to the far eastern Kamchatka Peninsula.

“And we’ll have to respond to it economically, politically or in any other way, if need be.

“Our American friends should make no mistake about it,’’ he added.

On Wednesday, the U.S. State Department announced a new round of sanctions against Russia over the latter’s alleged use of chemical weapons on former Russian spy, Sergei Skripal and his daughter, in the United Kingdom in March.

Moscow regards these sanctions as unfriendly moves harmful to the constructive atmosphere created after the recent summit between Russian President, Vladimir Putin and U.S. President, Donald Trump, the Kremlin said.


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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.


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