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New US sanctions on Russia.. Details and reasons

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The US Treasury Department imposed sanctions on dozens of Russian individuals and entities, on Thursday, on the background of interference in the US presidential election, cyber espionage attempts and Moscow’s role in Ukraine.

 

US President Joe Biden has signed a new executive order on Russia, which would expand sanctions on Russia.

 

The White House stated that the sanctions come in exchange for the actions of the government of Russia and its intelligence services against the sovereignty and interests of the United States.

 

“This includes, in particular, efforts to undermine free and fair democratic elections and democratic institutions in the United States, its allies and partners, engage in and facilitate harmful cyber activities against the United States, its allies and partners, promote and use cross-border corruption to influence foreign governments, pursue extraterritorial activities targeting dissidents or journalists, undermine security in countries and regions important to U.S. national security, and violate well-established principles of international law, including respect for the territorial integrity of states.”

 

Penalties

 

In accordance with the new executive order, the following actions have been implemented:

 

– The Treasury Department issued a directive prohibiting US financial institutions from participating in the primary market of ruble or non-ruble denominated bonds issued after June 14, 2021 by the Central Bank of the Russian Federation, the national wealth fund of the Russian Federation, the Ministry of Finance of the Russian Federation, and lending ruble or non-ruble funds to the Central Bank of the Russian Federation, the national wealth fund of the Russian Federation, or the Ministry of Finance of the Russian Federation.

– This directive gives the U.S. government authority to extend sovereign debt sanctions on Russia as appropriate.

 

– The Treasury Department has classified 6 Russian technology companies that provide support for the Electronic Program of Russian intelligence services, ranging from providing expertise to developing tools and infrastructure to facilitating malicious cyber activities.

 

– The Treasury Department has imposed sanctions on 32 entities and individuals who carried out targeted attempts by the Russian government to influence the 2020 US presidential election, and other acts of disinformation and interference.

 

– The Treasury Department, in partnership with the European Union, the United Kingdom, Australia and Canada, imposed sanctions on 8 individuals and entities “associated with the ongoing Russian occupation and repression in Crimea”.

 

– The United States is expelling 10 members of the Russian diplomatic mission in Washington, including representatives of the Russian intelligence services.

 

– The United States officially names the Russian foreign intelligence service (SVR), as the perpetrator of the 2020 large-scale cyber espionage campaign, which exploited the SolarWinds platform to hack into US federal agencies.

 

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