North Korea test fires another missileWorld May 29, 1:29
Russia’s Zvyagintsev wins Jury Prize at 70th Cannes Film Festival with his LovelessSociety & Culture May 28, 21:32
Three Russian tourists hurt is road accident with tourist minibus in TurkeySociety & Culture May 28, 18:58
Some 40,000 cyclists taking part in Moscow cycle paradeSociety & Culture May 28, 18:33
Corporation Irkut: MS-21 first flight performed in routine modeBusiness & Economy May 28, 16:54
Ukrainian military launch more than 180 shells, mines on Donetsk within one dayWorld May 28, 16:36
Minister: Russia may supply 1,000 MC-21 planes to 2037Business & Economy May 28, 14:42
Lavrov: China, ASEAN interested in organization of Eurasian partnershipRussian Politics & Diplomacy May 28, 11:45
MC-21 airliner makes first test flight - sourceBusiness & Economy May 28, 11:00
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.