Web
Analytics
The news is by your side.

economic war

Russia tells Washington curbs on its banks would be act of economic war

MOSCOW: Russia warned the United States on Friday it would regard any US move to curb the activities of its banks as a declaration of economic war which it would retaliate against, stepping up a war of words with Washington over spiralling sanctions. 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 economy to grow…

Further US sanctions would be ‘declaration of economic war’: Medvedev

MOSCOW: Russia warned on Friday that if the US followed through with threats to impose further harsh economic sanctions it would be seen as a "declaration of economic war". The warning by Prime Minister Dmitry Medvedev came after Washington unveiled a raft of new sanctions against Russia over its alleged use of the Novichok nerve agent against a former double agent which Britain has blamed on Moscow. The incident, which took place in a city in southern England in March, triggered a major diplomatic crisis despite…

US in ‘economic war’ with China, says Trump strategist Bannon

WASHINGTON: White House strategist Steve Bannon argued forcefully in an interview published Wednesday that the United States is in an "economic war" with China, and the confrontation with nuclear-armed North Korea is just "a sideshow." "To me the economic war with China is everything. And we have to be maniacally focused on that," he said in the interview with the American Prospect, a left-leaning website. "If we continue to lose it, we're five years away, I think, ten years at the most, of hitting an inflection point…