To embed, copy and paste the code into your website or blog: Recently, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) sanctioned various individuals and entities connected to Russia’s technology sector and also expanded sanctions against dealings in Russian sovereign debt. In addition to these immediate actions, President Biden also issued a new Executive Order which will significantly expand OFAC’s authority to impose future sanctions against Russia. Background The White House published a Fact Sheet which explains the recent sanctions actions were a response to Russian election interference and cyber-attacks directed at the United States. A month prior to these sanctions actions, the U.S. National Intelligence Council issued its Foreign Threats to the 2020 U.S. Federal Elections report, which officially concluded that a range of Russian government organizations had attempted to influence the 2020 U.S. presidential election by promoting “misleading or unsubstantiated allegations” through a variety of “online influence actors”. The U.S. National Intelligence Council determined that Russian President Vladimir Putin and other senior Russian government officials authorized and were aware of these efforts. The Fact Sheet also includes a statement from the Biden Administration which formally attributes Russia’s Foreign Intelligence Services with responsibility for the SolarWinds cyber attack which affected multiple U.S. businesses and government agencies in the spring of 2020.