The Biden administration places economic sanctions on Russian government organizations, individuals, and companies including several security firms.
The Biden Administration announced a robust, coordinated series of punitive measures to confront Russia’s growing malign behavior, including its massive hack of SolarWind’s software, attempts to interfere with the 2020 elections, and other destructive deeds against the US. The administration’s actions levy financial sanctions on the country and the companies usually involved in malicious cyber activity against the US. It also exposes previously withheld details about the Russian ruling regime’s digital and disinformation operations. In addition to the White House, the National Security Agency (NSA), Federal Bureau of Investigation (FBI), Department of Homeland Security, and Treasury Department all play a role in the complex set of actions against Russia.
First, President Biden signed a new sanctions executive order that strengthens authorities to “impose costs in a strategic and economically impactful manner on Russia if it continues or escalates its destabilizing international actions.” Under the EO, the Treasury Department is implementing multiple actions to target “aggressive and harmful activities” against the Russian government, including a directive that “generally prohibits US financial institutions from participating in the primary market for ruble or non-ruble denominated bond issued after June 14, 2021.”
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