Further US sanctions would be ‘declaration of economic war’ - Medvedev

Russia's acting Prime Minister Dmitry Medvedev gives a speech at a session of the State Duma in Moscow on May 8, 2018. (File photo: AFP)
Updated 10 August 2018
0

Further US sanctions would be ‘declaration of economic war’ - Medvedev

  • The warning by Prime Minister Dmitry Medvedev came after Washington unveiled a raft of new sanctions against Russia
  • The announcement of the sanctions prompted Russian stocks and the ruble to tumble

MOSCOW: Russia warned Friday that if the US followed through with threats to impose further harsh economic sanctions it would be seen as a “declaration of economic war.”
The warning by Prime Minister Dmitry Medvedev came after Washington unveiled a raft of new sanctions against Russia over its alleged use of the Novichok nerve agent against a former double agent which Britain has blamed on Moscow.
The incident, which took place in a city in southern England in March, triggered a major diplomatic crisis despite Russia’s denial of any role.
The announcement of the sanctions prompted Russian stocks and the ruble to tumble on Thursday.
“While I don’t want to comment on the talk about future sanctions, I can say that if we end up with something like a ban on banking activities or the use of certain currencies, we can clearly call this a declaration of economic war,” Medvedev was quoted as saying by the Interfax news agency.
“And we must absolutely respond to this war. By economic means, by political means and if necessary by other means,” he added.
“Our American friends must understand this.”
Announced late on Wednesday, the first set of sanctions, which will take effect in just under two weeks, impose a ban on the export to Russia of “national security sensitive” US technologies.
Until now such exports had been previously allowed on a case-by-case basis, with a senior State Department official saying the move could cut off hundreds of millions of dollars worth of exports to Russia.


A second round of sanctions that could go into effect 90 days later would cut far deeper, including blocking all American bank loans to Russian entities, an outright ban on US exports to Russia, and suspension of diplomatic relations.
The State Department said the sanctions were aimed at punishing Moscow for having “used chemical or biological weapons in violation of international law,” mandated under the Chemical and Biological Weapons and Warfare Elimination Act of 1991.
However the sanctions announcement could bolster US President Donald Trump’s claim that his administration is taking a tough stance on Moscow, even as he continues to denounce as a “witch hunt” an independent probe whether his election campaign colluded with Russia.
According to the 1991 Act, the president shall tighten the penalties within 90 days — unless the party in question provides “reliable assurances” that it no longer engages in such activities, and allows on-site inspections by United Nations observers.
Russia had on Thursday responded furiously to the sanctions, denouncing them as “categorically unacceptable” as the markets tumbled and the ruble fell to its lowest level in almost two years.
On Wednesday, Russia’s Kommersant daily published excerpts from another piece of draft US legislation which proposes a ban on US citizens purchasing Russian sovereign debt as well as steps against the country’s biggest banks as well as its oil and gas sector, a key driver of the economy.
The sanctions follow the US Treasury’s imposition of sanctions in March against 19 Russian citizens and five entities for interfering in the 2016 US election — the toughest steps against Moscow since Trump took office.
Also in March, Washington ordered the expulsion of 60 Russian diplomats, and the closure of Russia’s consulate general in Seattle over the Novichok incident.
The Russian economy has only recently started to recover from international sanctions imposed on Moscow in 2014 over its actions in Ukraine and a crash in oil prices the same year.


Explosions hit Afghan celebration, Helmand governor hurt

Updated 23 March 2019
0

Explosions hit Afghan celebration, Helmand governor hurt

  • The bombing disrupted Farmers Day celebrations
  • The cause of the explosion is not yet identified

LASHKAR GAH, Afghanistan: Two explosions went off at a public celebration in the southern Afghan city of Lashkar Gah on Saturday, killing two people and wounding the governor of Helmand province, security and hospital officials said.

The blasts came during a Farmers Day celebration at an outdoor stadium that was attended by nearly 1,000 people.

The provincial governor, Mohammad Yasin Khan, was knocked over by the blasts before he was quickly removed from the celebration, according to a Reuters witness. The governor’s condition was unclear.

Two people were killed and 23 were wounded, according to initial estimates by hospital officials.

The blasts appeared to have been caused by planted explosives.

The attack is one of several to occur during Afghanistan’s multi-day celebrations to mark its traditional new year, beginning with explosions in the Afghan capital of Kabul on Thursday. Those attacks killed six people and wounded 23 and were claimed by Islamic State.

The traditional new year is widely celebrated in Afghanistan but some hard-line Islamists oppose the festivities, saying they are un-Islamic.

Helmand is one of several Afghan provinces in which insurgents have the greatest control and influence. Lashkar Gah is the provincial capital.

Saturday’s attack came exactly one year after a car bomb killed at least 14 people who had gathered to watch a wrestling match in Lashkar Gah.