Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

'We are moving towards second Cold War', Russian PM warns

'We are moving towards second Cold War', Russian PM warns

Russia is being pulled into a second Cold War with the US and its allies as events escalate in the Ukraine, Russian prime minister Dmitry Medvedev has warned.

In an interview with Bloomberg Television, Medvedev said Russia is preparing a raft of retaliatory steps if the US and European Union impose wider sanctions. The PM also accused US president Barack Obama of lacking 'political tact'.

'We are slowly but surely moving toward a second Cold War, which no one needs,' Medvedev told Bloomberg.

'We haven’t especially commented on sanctions or responded to them harshly, although we could do something unpleasant or offensive to those countries that are introducing these sanctions.'

Medvedev’s comments come less than a week before Ukraine's much awaited presidential election and a day after Russian president Vladimir Putin yesterday ordered Russian troops near the Ukrainian border back to bases. Russia has not yet said whether it will recognise the results of the election.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Liontrust ESG head says sustainable investment doesn't mean low return

Liontrust ESG head says sustainable investment doesn't mean low return

Peter Michaelis talks about ethical investment growth and where he sees future opportunites.

Play Are platforms the biggest barrier to wealth manager ETF take-up?

Are platforms the biggest barrier to wealth manager ETF take-up?

Citywire hosted a roundtable discussion to find out how and if wealth managers are using ETFs in their clients' portfolios and the challenges they face trading through different platforms.

Play SVM's Veitch on what's next for banks

SVM's Veitch on what's next for banks

SVM fund manager Neil Veitch is finding value in what he describes as unstable financials and talks through his favourite small caps.

Read More
Your Business: Cover Star Club

Profile: Affinity’s Julia Warrander on the importance of diversity

Profile: Affinity’s Julia Warrander on the importance of diversity

'Sometimes there are 10, sometimes 20 people around a table and, more often than not, I’m the only woman,' says the Affinity Wealth co-chief investment officer

Wealth Manager on Twitter