Putin Warns The West : Sanctions Will Hurt Them In Their Most Sensitive Areas

 

The Kremlin accused the United States of declaring an economic war on Russia that was sowing mayhem through energy markets, and put Washington on notice it was considering its response to a ban on Russian oil and energy.Russia’s economy is facing the gravest crisis since the 1991 fall of the Soviet Union after the West imposed heavy sanctions on almost the entire Russian financial and corporate system following Moscow’s invasion of Ukraine.Kremlin spokesman Dmitry Peskov cast the West’s sanctions as a hostile act that had roiled global markets and he said it was unclear how far turbulence on global energy markets would go.The West’s attempt to cut off Russia -- one of the world’s biggest exporters of oil, gas and metals -- has hit commodity markets and raised the specter of spiraling inflation across the world.