World Events and the Bible

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Russia Warns U.S  Of Economic War Over Sanctions

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WEB Notes: It was Turkey a few posts ago and now it is Russia. All of this is to be expected. If you have difficulty understanding that I encourage you to read “The Timeline of the Tribulation“.

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 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 by 1.8 percent this year. But if new sanctions proposed by Congress and the State Department are implemented in full, something that remains uncertain, some economists fear growth would be almost cut to zero in future.

Source: Russia tells Washington curbs on its banks would be act of economic war | Reuters

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