New Sanctions Reveal the Dangerous Low of U.S.-Russian Relations
Washington and Moscow continue to engage in a risky tit-for-tat with no offramp from potential escalation in sight.
The Kremlin is threatening the Biden administration with severe repercussions over a new U.S. sanctions package, bringing the troubled U.S.-Russian relationship to an unprecedented low.
The Biden administration imposed a robust sanctions package this week targeting the Russian economy. The measures included sanctions on all debt Russia issues after June 14, preventing U.S. financial institutions from buying government bonds from the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, or the Ministry of Finance of the Russian Federation. The directive “provides authority for the U.S. government to expand sovereign debt sanctions on Russia as appropriate,” laying the groundwork for further sovereign debt sanctions against Russia in the future. The package also c
Russia Russia Russia! The Biden Administration Imposes Tough Sanctions On Russia - International Law mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.
APRIL 15, 2021 • STATEMENTS AND RELEASES
The Biden administration has been clear that the United States desires a relationship with Russia that is stable and predictable. We do not think that we need to continue on a negative trajectory. However, we have also been clear publicly and privately that we will defend our national interests and impose costs for Russian Government actions that seek to harm us.
Today the Biden administration is taking actions to impose costs on Russia for actions by its government and intelligence services against U.S. sovereignty and interests.
Executive Order Targeting the Harmful Foreign Activities of the Russian Government
Thursday, April 15, 2021
This week has been a week of significant foreign policy action. Today, President Biden issued a new Executive Order imposing new tough sanctions on Russia for its interference in the U.S. 2020 presidential election, as well as the SolarWinds cyber-attack that impacted multiple U.S. government agencies. This action was taken a day after Secretary of State Blinken stated strong concerns about the increase in Russian troops along the Ukrainian border. Earlier this week, the 2021 Threat Assessment report published by the Office of DNI (Director of National Intelligence) also cited Russia as presenting “one of the most serious intelligence threats to the United States,” noting a variety of provocative actions relating to cyber, military, and intelligence activities.
President Joe Biden warned his Russian counterpart of additional actions as he laid the groundwork for a summer summit with Vladimir Putin after rolling out new sanctions against Moscow for a long list of aggressive acts.