Russia has warned the United States it will 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 spiraling sanctions. The warning, from Prime Minister Dmitry Medvedev, reflects Russian fears over the impact of new restrictions on its economy and assets, including the ruble. Moscow's strategy of trying to improve battered US-Russia ties by attempting to build bridges with Pres. Trump is backfiring after US lawmakers launched a new sanctions drive earlier this month because they fear Trump is too soft on Russia.
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