Economy: Russian Fears and Cent

economy: 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 per cent of its value this week on sanctions jitters, according to Nine News Australia. Economists expect the economy to grow by 1.8 per cent this year. To improve your experience update it here News WorldUS bank ban would be economic war Moscow10 08pm Aug 10, 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 spiralling sanctions. 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. Moscow's strategy of trying to improve battered US-Russia ties by attempting to build bridges with President Donald Trump is backfiring after US lawmakers launched a new sanctions drive last week because they fear Trump is too soft on Russia. In a sign of how seriously Russia is taking the threat, President Vladimir Putin discussed what the Kremlin called possible new unfriendly steps by Washington with his Security Council on Friday. (news.financializer.com). As reported in the news.