Putin warns 3rd parties against creating Ukraine no-fly zone, calls sanctions a ‘declaration of war’

President Vladimir Putin warned Saturday that crippling economic sanctions imposed by the West were “akin to a declaration of war.” Russian President Vladimir Putin on Saturday warned the West of a wider war if a no-fly zone is set up, as his forces resumed an offensive against a key Ukrainian city where a planned evacuation of residents failed to take place over security fears. With his Ukrainian counterpart Volodymyr Zelensky criticising NATO for ruling out a no-fly zone for fear of sparking nuclear conflict, Putin spoke of "colossal and catastrophic consequences not only for Europe but also the whole world", if such a zone was set up. ► Subscribe to The Economic Times for latest video updates. It's free! - http://www.youtube.com/TheEconomicTim... ► More Videos @ ETTV - http://economictimes.indiatimes.com/TV ► http://EconomicTimes.com ► For business news on the go, download ET app: https://etapp.onelink.me/tOvY/Economi... Follow ET on: ► Facebook -   / economictimes   ► Twitter -   / economictimes   ► LinkedIn -   / economictimes   ► Instagram -   / the_economic_times   ► Flipboard - https://flipboard.com/@economictimes