US sanctions russia for harmful foreign activities

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President of the United States Joseph Biden signed a new sanctions executive order that provides strengthened authorities to demonstrate the Administration’s resolve in responding to and deterring the full scope of russia’s harmful foreign activities.

Treasury issued a directive that prohibits U.S. financial institutions from participation in the primary market for ruble or non-ruble denominated bonds issued after June 14, 2021 by the Central Bank of the russian Federation, the National Wealth Fund of the russian Federation, or the Ministry of Finance of the russian Federation; and lending ruble or non-ruble denominated funds to the Central Bank of the russian Federation, the National Wealth Fund of the russian Federation, or the Ministry of Finance of the russian Federation. This directive provides authority for the US government to expand sovereign debt sanctions on russia as appropriate.

Treasury, in partnership with the European Union, the United Kingdom, Australia, and Canada, sanctioned eight individuals and entities associated with russia’s ongoing occupation and repression in Crimea.  The Transatlantic community stands united in supporting Ukraine against unilateral russian provocations along the Line of Contact in eastern Ukraine, in occupied Crimea, and along Ukraine’s borders, as well as agreeing on the need for russia to immediately cease its military buildup and inflammatory rhetoric.       

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