Home Stock The US imposed tough new sanctions on Russia for election interference and...

The US imposed tough new sanctions on Russia for election interference and hacking


President Joe Biden signed one executive order on Thursday imposed tough new sanctions on Russia for alleged election meddling, hacking and other “bad practices”, including current military-building operations in Ukraine and the crackdown overseas to dissidents like Alexei Navalny.

  • The new measures include sweeping financial sanctions for the first time, including a ban on U.S. financial institutions from entering the primary market for ruble as well as non-ruble bonds. .

  • United States Department of Finance point Six Russian tech companies are accused of supporting the country’s intelligence services and blocking assets they or their affiliates may hold in the US

  • Ten Russian diplomats were expelled from the Washington embassy. 32 organizations and individuals have been punished for attempting to interfere in the 2020 US presidential election.

  • The United States also imposed sanctions on what it called “misinformation shops” controlled by Russian intelligence and tightened existing sanctions on Putin’s close associates. is Yevgeny Prigozhin, the former restaurant owner accused of masterminding to interfere in the 2016 US election campaign and control the so-called Wagner mercenaries.

  • The sanctions are in part a response to a cyber attack on SolarWinds software, announced in December, which the US administration says has allowed Russian hackers to access thousands of companies and main offices. covered.

  • Biden said in his executive order that Russia’s activities are an “unusual and unusual threat to the national security, foreign policy and economy of the United States,” and declared ” a national emergency to deal with that threat. ”

  • The announcement came two days after Biden called his Russian partner Vladimir Putin expressed his concern over those matters, as well as Russia’s military build-up on the Ukrainian border, and suggested a bilateral meeting.

Prospects: Putin has always been careful to be comfortable after previous rounds of sanctions from the US and Europe, but this time it may be different: The Biden version will be much more costly for the Russian economy, even if it comes to purchases Russian debt in the international market is limited. Currently only affects the primary market, ie the initial bond issue.

Furthermore, many reasons have been invoked for the sanctions – including “extraterritorial activities targeting dissidents or journalists,” as well as attempts to “undermine security. in countries and regions critical to the United States “and in violation of” well-established principles of international law, “seem to indicate Biden’s determination to leave his options open to tightening. further sanctions.

Russia may be expected to retaliate, especially with its tit-for-tat decision to expel diplomats, but it does not have the financial resources to hurt the US economy again.

US officials have pointed out that European allies have been informed of the current round of sanctions, but the question now is whether they will mimic Washington’s decision, which will expand its impact. .

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