U.S. curbs on Russian banks would be act of economic war - PM

Reuters  |  MOSCOW 

(Reuters) - would consider any U.S. move to curb the operations of Russian banks or their foreign currency dealings a declaration of economic war, said on Friday.

Separate legislation introduced last week in draft form by Republican and Democratic senators proposes curbs on the operations of several state-owned Russian banks in the and restrictions on their use of the dollar.

said would take economic, political or other retaliatory measures against the if targeted Russian banks.

"I would not like to comment on talks about future sanctions, but I can say one thing: If some ban on banks' operations or on their use of one or another currency follows, it would be possible to clearly call it a declaration of economic war," said

"And it would be necessary, it would be needed to react to this war economically, politically, or, if needed, by other means. And our American friends need to understand this," he said, speaking on a trip to the

The fate of the bill he was referring to is not certain.

The full U.S. will not be back in until September, and even then, congressional aides said they did not expect the measure would pass in its entirety.

While it was difficult to assess so far in advance, they said it was more likely that only some of its provisions would be included as amendments in another piece of legislation, such as a spending bill must pass before Sept. 30 to prevent a shutdown.

(Reporting by and in and Patrica Zengerle in Washington; Editing by Andrew Osborn)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 10 2018. 12:31 IST