The head of one of Russia’s largest banks likened the EU’s decision to extend the sanctions imposed on Russia to an act of economic war. “We have quite a strong opinion on sanctions. Sanctions, in other words, are economic war against Russia,” Andrey Kostin, the CEO of VTB bank, told CNBC in Moscow on Thursday. “Economic war will definitely have negative implications for the Russian economy, but more than that it will have very negative implications for political dialogue and security in Europe,” he noted, adding that sanctions were “the wrong way to treat Russia.” On Thursday, the EU foreign …read more
Source: Business Insider
