Biden administration sanctions Russia for cyber attacks, election interference

President Joe Biden (L) and President Vladimir Putin.

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

“Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took sweeping action against 16 entities and 16 individuals who attempted to influence the 2020 U.S. presidential election at the direction of the leadership of the Russian Government,” the Treasury said in a statement.

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

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

This is breaking news. Check back for updates.

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