Putin react to energy sanction accuses U.S.

Russia accused the United States on Wednesday of declaring an economic war that was sowing mayhem through energy markets.

It then 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.

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