(Reuters) – President Joe Biden will issue an executive order on Thursday authorizing the U.S. government to sanction any sector of the Russian economy and will use it to restrict Russia’s ability to issue sovereign debt to punish Moscow for interfering in the 2020 U.S. election, senior Biden administration officials said.
The officials, who spoke on condition of anonymity, said Biden would bar U.S. financial institutions from taking part in the primary market for rouble-denominated Russian sovereign bonds from June 14. U.S. banks have been barred from taking part in the primary market for non-rouble sovereign bonds since 2019.
The latest step is part of a wider array of sanctions the White House plans to announce on Thursday to make Russia pay a price for “malign” actions such as election interference, cyber-hacking, the use of chemical weapons and reports that it offered Taliban militants bounties to kill U.S. soldiers in Afghanistan.
Among the sanctions to be unveiled are the blacklisting of about 30 entities as well as orders expelling about 10 Russian officials from the United States, one person familiar with the matter said.
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