The Biden government is expected to announce wide-ranging sanctions against Russia over allegations of a massive burglary campaign in federal agencies and for interference in the election, several reports said late Thursday.
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The sanctions call for the suspension of ten Russian diplomats and a new executive order will extend the ban on US banks trading in Russian government debt, the Wall Street Journal reported.
The sanctions come a day after President Putin’s policy adviser Yuri Ushakov told US Deputy Secretary of State John Sullivan that Moscow “will act in the most decisive way possible” if sanctions are imposed, Reuters reports.
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Foreign Minister Antony Blinken is meeting in Brussels with peers from Italy, France, Germany and the United Kingdom. According to the Foreign Ministry, they discussed the ongoing tensions in Ukraine amid what they call ‘Russian provocation’.
It is seen that the relationship between the US and Russia is approaching its disadvantages. In March, Biden said in an interview that he believes Putin is a murderer who will pay a price after a US intelligence report found that Moscow wanted to influence public opinion against him in 2020. Russia, which has denied the allegations, said Tuesday. that the US should avoid “for their own good” sailing ships in the Black Sea.
The sanctions, which the administration had been predicting for weeks, would be known as the first retaliatory action announced against the Kremlin for last year’s hack, known as the SolarWinds violation.
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In this intrusion, it is believed that Russian hackers infected software that was widely used with malicious code, which enabled them to gain access to the networks of at least nine agencies.
The Journal, referring to people familiar with the matter, said the sanctions banned US financial companies from “buying new bonds directly from the Russian central bank, the finance ministry and the welfare fund from June”.
Greg Norman and Associated Press of Fox News contributed to this report