January 1, Kremlin Accuses US of Declaring ‘Economic War’

The Kremlin accused the U.S. of declaring economic war on Russia, putting the White House on notice that it was considering its response to a ban on Russian oil and energy imports.

Kremlin spokesperson Dmitry Peskov described the move as hostile, saying it wreaked havoc on worldwide markets.

“The situation demands a rather deep analysis – those decisions announced by President Biden,” Peskov said. “If you are asking me what Russia is going to do – Russia is going to do what is necessary to defend its interests.”

“The United States definitely has declared economic war against Russia and is waging this war,” he said.

Peskov declined to provide further details on the precise nature of Russia’s response.

“You see the bacchanalia, the hostile bacchanalia, which the West has sown – and that of course makes the situation very difficult and forces us to think seriously,” Peskov said.

“We see that the situation on energy markets is developing rather turbulently – and we don’t know how far that turbulence will go.”

When asked about the Kremlin’s remarks, White House deputy national security adviser Daleep Singh said: “This is brutal and needless war of aggression. We’ve said all along, if the aggression escalates, so will the costs.”

“I wouldn’t call it an economic war. This is our way of demonstrating resolve,” he added.

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Kremlin tells United States to await response to “economic war”