MOSCOW (Reuters) - 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” and would retaliate, as new sanctions took their toll on the rouble and U.S. 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 six percent of its value this week on sanctions jitters.
Economists expect the Russian economy to grow by 1.8 percent this year. But if new sanctions proposed by Congress and the State Department are implemented in full, which remains uncertain, some economists fear growth could be almost to zero.
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