U.S. imposes wide array of economic sanctions against Russia
On April 15, 2021, the United States imposed a broad array of economic sanctions on Russia, reacting to its interference in last year’s U.S. election, its cyber hacking, bullying Ukraine and other alleged malign actions.
US President thus broadened the sanctions regime against Russia by signing an Executive Order :
- Blocking the property of several persons operating in the technology and defense sectors of the Russian economy.
- The EO also authorizes the Department of Treasury, in consultation with the Secretary of State, to sanction Russian entities that have engage in a series of actions, on behalf of the Russian government, including transnational corruption, actions or policies that undermine foreign democratic processes or institutions.
Accordingly, the Treasury blacklisted 32 entities and individuals, tied to the Russian intelligence services, that it said had carried "acts of disinformation and interference.
In addition, Treasury’s Office of Foreign Assets Control (OFAC) is issuing a directive that generally prohibits U.S. financial institutions from taking part in the primary market for rouble-denominated Russian sovereign bonds from June 14.