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US imposes wide array of sanctions on Russia for ‘malign’ actions

WASHINGTON: The United States on Thursday imposed a broad array of sanctions on Russia to punish it for election interference, cyber-hacking, bullying Ukraine and other “malign” acts.

The measures blacklisted Russian companies, expelled Russian diplomats and placed limits on the Russian sovereign debt market in steps sure to anger Moscow.

Among the actions, President Joe Biden issue an executive order authorizing the U.S. government to sanction any sector of the Russian economy and used it to restrict Russia’s ability to issue sovereign debt to punish Moscow for interfering in the 2020 U.S. election.

Biden barred U.S. financial institutions from taking part in the primary market for rouble-denominated Russian sovereign bonds from June 14. U.S. banks have been barred from taking part in the primary market for non-rouble sovereign bonds since 2019.

The U.S. Treasury also blacklisted 32 entities and individuals which it said had carried out Russian government-directed attempts to influence the 2020 U.S. presidential election and other “acts of disinformation and interference”.

In concert with the European Union, Britain, Australia and Canada, the Treasury also sanctioned eight individuals associated with Russia’s ongoing occupation and repression in Crimea, which Russia annexed from Ukraine in 2014.

The Kremlin, speaking ahead of the publication of the executive order, said it would respond in kind and warned new U.S. measures would reduce the chances of a summit between U.S. Biden and President Vladimir Putin taking place.

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