U.S. President Joe Biden has announced new economic sanctions against the Russia government from the East Room of the White House on April 15, 2021 in Washington, DC.
Biden announced sanctions against 32 companies and individuals that are aimed at choking off lending to the Russian government and in response to the 2020 hacking operation that breached American government agencies and some of the nation’s largest companies.
The sweeping measures are meant to punish Russia for actions that U.S. officials say cut to the core of American democracy and to deter future acts by imposing economic costs on Moscow, including by targeting its ability to borrow money.
The sanctions are certain to exacerbate tensions with Russia, which promised a response, even as some experts said the measures appeared tailored to avoid an out-of-control escalation of retaliatory acts between the two countries.
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