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Biden to bar US banks from issuing Russian sovereign debt
Russia, China ‘will take advantage’ of weakness if they see it: Former National Security Adviser
Former National Security Advisor discusses pulling troops from Afghanistan, Biden’s handling of Russia and China and Iran nuclear talks.
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 trouble-denominated Russian sovereign bonds from June 14. U.S. banks have been barred from taking part in the primary market for non-trouble 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.
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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.
Russia denies meddling in U.S. elections, orchestrating a cyber hack that used U.S. tech company SolarWinds Corp to penetrate U.S. government networks, and using a nerve agent to poison Kremlin critic Alexei Navalny. It has also brushed off allegations of putting bounties on U.S. soldiers in Afghanistan.
Biden on Tuesday spoke to Russian President Vladimir Putin to raise concerns about these issues and the build up of Russian forces in Crimea and along the border with Ukraine, even as he proposed a summit between the two men.