Biden administration slaps new sanctions on Russia for cyberattacks,

The Biden administration imposed a raft of brand-new sanctions against Moscow on Thursday over supposed election interference and cyberattacks.

” Today, the U.S. Department of the Treasury’s Workplace of Foreign Assets Control (OFAC) took sweeping action versus 16 entities and 16 individuals who attempted to affect the 2020 U.S. presidential election at the direction of the leadership of the Russian Federal government,” the Treasury said in a statement.

In addition to the broad sanctions released by Treasury, the State Department announced it will expel 10 officials from Russia’s diplomatic mission in the United States.

The sanctions come following President Joe Biden’s call this week with Russian leader Vladimir Putin, and as Russian force accumulate near the Ukraine border.

Washington officially accused Russia’s Foreign Intelligence Service, or SVR, of lagging the SolarWinds cyberattack advertised late last year, described by cybersecurity experts as one of the biggest and most sophisticated hacking operations in history.

” The U.S. Intelligence Community has high confidence in its evaluation of attribution,” the Treasury release stated. The hack saw hackers gain access to the software application utilized by countless federal government bureaus and companies.

The charges are also in response to a March report by the U.S. Director of National Intelligence that concluded Russia’s President Vladimir Putin authorized efforts to interfere in the 2020 election in previous President Donald Trump’s favor.

The dollar was up 1.69% versus the rouble at 3 p.m. regional time, with the Russian currency trading at 77.0718 to the greenback. Its close on Wednesday against the dollar was 75.7928.

The Biden-Putin call Tuesday, at least the second between the two men since Biden took workplace in January, comes as the United States and other Western countries burn out of Russia’s growing military accumulation along its border with Ukraine, where it has generated 10s of thousands of soldiers and tanks.

” We’re now seeing the biggest concentration of Russian forces on Ukraine’s borders considering that 2014,” Secretary of State Antony Blinken said Tuesday after going to NATO’s head office in Brussels. “That is a deep issue not only to Ukraine, but to the United States.”

Regional professionals say this relocation could be an attempt to check Biden’s mettle and intimidate Ukraine; the more downhearted outlook suggests its objective is to goad Ukraine into renewed conflict.

Biden in the call with Putin “emphasized the United States’ steadfast dedication to Ukraine’s sovereignty and territorial stability,” according to a White House readout.

This is breaking news. Inspect back for updates.

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