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Reuters reports that Russia will further decrease its holdings of U.S. securities. This in response to new sanctions against Moscow. Finance Minister Anton Siluanov said on state TV on Sunday, however, that the country has no plans to shut down U.S. companies in Russia.
On Friday, Prime Minister Dmitry Medvedev said Russia would regard any U.S. move to curb the activities of its banks as a “declaration of economic war." He said the country would take retaliatory action.