New Cold War May Emerge in Ukraine Crisis, Medvedev Says

Russia is being pulled into a new Cold War with the U.S. and its allies, who are using economic warfare reminiscent of the Soviet Union under Leonid Brezhnev, Russian Prime Minister Dmitry Medvedev said.

Russia has prepared a raft of retaliatory steps in response to potentially wider sanctions imposed by the U.S. and the European Union, Medvedev, 48, said yesterday in an interview with Bloomberg Television at his residence outside Moscow. While he didn’t give details of Russia’s potential steps, he described the punitive measures as a double-edged sword.