Russian Threatens To Close It's Airspace In The Event Of New Sanctions

A KLM Boeing 737-900 plane is seen at Moscow's Sheremetyevo airport, September 8, 2014. Credit: Reuters/Maxim Zmeyev

Russia Hints At Flight Ban In Response To New Sanctions -- Reuters

(Reuters) - Russia signalled on Monday it might ban Western airlines from flying over its territory as part of an "asymmetrical" response to new European Union sanctions over the Ukraine crisis.

Blaming the West for damaging the Russian economy by triggering "stupid" sanctions, Prime Minister Dmitry Medvedev said Moscow would press on with measures to reduce reliance on imports, starting with increasing output of domestic aircraft.

Medvedev suggested Russia should have hit back harder over the action by the United States and European Union to punish Moscow for its role in Ukraine, saying it had been too patient in the worst confrontation with the West since the Cold War.

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Update: If new EU sanctions hit energy sector, Russia may close airspace - Medvedev -- RT

My Comment: It looks like the EU has just changed it's mind on tougher sanctions .... Source: EU states fail to approve new sanctions against Russia (ITAR-TASS).

Update: This is interesting .... Here Is Why Europe Just Launched The "Nuclear Option" Against Russia (Zero Hedge).

Update #2: EU adopts new sanctions against Russia's top oil companies -- Haaretz