U.S Set to Inflict New Sanctions to Russia This Week

Sources in the White house have revealed that the United States will be slapping Russia with additional sanctions before the week is over for alleged election interference and malicious cyber activity aimed at certain high profile people and some institutions.

According to the sources, 30 institutions will be blacklisted. In addition 10 Russian government official will slapped with expelling orders barring them from entering the United States.

This development comes barely days after President Biden engaged President Putin over the phone. Without a doubt, these new sanctions will further widen the already damaged relations between the two countries.

Among the accusations includes a hack on U.S based software developer SolarWinds Corp. (SWI) which the U.S accuses Russia of carrying out. This breach granted hackers access to a wide range of data belonging to thousands of companies and government institutions.

President of giant tech company Microsoft Corp. (MSFT) Brad Smith defined the attack as the largest and most sophisticated attack the world has ever seen.

Last week, the spokesperson of Russia’s government Dmitry Peskov said the U.S is hostile and unpredictable forcing them to prepare for the worst scenario.

The administration of President Joe Biden is also expected to make an announcement explaining the measures they are putting in place to protect the country’s sovereign debt through restrictions on U.S. financial institutions’ ability to trade such debt.

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