Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of 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 Neil Gregson: gold is prettiest in ugly contest

Neil Gregson: gold is prettiest in ugly contest

The JP Morgan Natural Resource fund manager talks about the prospects for gold with plenty of uncertainty in the global economy.

Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Gutteridge and Foster discuss UK commercial property with Jason Baggaley, manager of the Standard Life Property Income investment trust

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Gutteridge puts the heat on Odey's asset allocation maestro with a couple of tough questions.

Your Business: Cover Star Club

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Growing a business is the main aim of many company owners but managing that growth in a controlled way is just as important

Wealth Manager on Twitter