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 Biotech Growth: we will ride out this storm

Biotech Growth: we will ride out this storm

Geoffrey Hsu of Biotech Growth Trust says the sell-off in biotechnology stocks represents a buying opportunity for long-term investors.

Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Your Business: Cover Star Club

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

In a buyers’ market for off-the-peg discretionary management, self-funded start-ups begin at an inherent disadvantage

Wealth Manager on Twitter