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Russia’s PM Medvedev: US ban on Russian banks would be act of economic war

Russian  Prime Minister (PM) Dmitry Medvedev was out on the wires on Friday, via Reuters, expressing his take on a new round of sanctions announced by the US on Russia after the US determined that Moscow had used a nerve agent against a former Russian double agent, Sergei Skripal, and his daughter, Yulia, in Britain.

Key Quotes (via Reuters):

“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 their use of one or another currency follows, it would be possible to clearly call it a declaration of economic war.”

“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.”  

On Thursday, Kremlin called new US sanctions “categorically unacceptable” and illegal under international law.

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