Russia tells US to await response to “economic war”

LONDON, March 9 Reuters-   The Kremlin accused the United States on Wednesday of declaring an economic war on Russia that was sowing mayhem through energy markets, and put Washington on notice it was considering its response to a ban on Russian oil and energy.   

“You see the bacchanalia, the hostile bacchanalia, which the West has sown...The situation demands a rather deep analysis - those decisions announced by President Biden. Russia is going to do what is necessary to defend its interests. The United States definitely has declared economic war against Russia and is waging this war.” Kremlin spokesman Dmitry Peskov told reporters.   

Russia’s economy is facing the gravest crisis since the 1991 fall of the Soviet Union after the West imposed heavy sanctions on almost the entire Russian financial and corporate system following Moscow’s invasion of Ukraine.