Moscow says Turkish airstrikes in Iraq, Syria escalate already tense situationRussian Politics & Diplomacy April 26, 20:55
North Korea ‘neither fears war nor wants to avoid it,’ says country’s UN missionWorld April 26, 20:37
Russia’s Emergencies Ministry to continue helping Serbia in mine clearance in 2017Military & Defense April 26, 20:20
Putin says Russia, China maintain relations at 'unprecedentedly high level'Russian Politics & Diplomacy April 26, 20:02
Polls shows number of happy Russians at record-breaking historic highSociety & Culture April 26, 19:27
IS recruiting Taliban fighters in Afghanistan — Russia’s General StaffMilitary & Defense April 26, 18:49
Coffin with presumed remains of 19th century Russian general dug up in TurkeySociety & Culture April 26, 18:26
Russian envoy says enacting nuke ban treaty will lay basis for stable strategic tiesRussian Politics & Diplomacy April 26, 18:13
Tokyo to draw up cooperation plans for South Kurils and heed locals’ opinionsBusiness & Economy April 26, 17:37
MOSCOW, January 30 /TASS/. Andrey Kostin, the VTB bank chairman and CEO, has described the anti-Russian sanctions as an "economic war" against Russia.
"In short, the sanctions are nothing else than an economic war against Russia," Kostin said in an interview with the CNBC TV channel.
His remarks came in the wake of the EU Council’s decision to extend sanctions imposed on Russian individuals and legal entities that are expiring in March for another six months till September 2015.
Kostin noted that the economic war would certainly produce a negative impact on the Russian economy but would be much more damaging to a political dialogue and security in Europe.
"Who wants to live in a world which is less safe?" he asked.
Kostin added that the path of imposing sanctions on Russia was wrong and would eventually decrease stability in Europe.