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Biden Sanctions Russia, Restricts Buying New Debt After Hacking

April 15, 2021, 6:07 PM

President Joe Biden ordered fresh sanctions on Russia, including restrictions on buying new sovereign debt, in response to allegations that Moscow was behind a hack on SolarWinds Corp. and interfered with last year’s U.S. election.

The new measures sanction 32 entities and individuals, including government and intelligence officials, and six Russian companies that provide support to the Russian government’s hacking operations. The U.S. is also expelling 10 Russian diplomats working in Washington, including some intelligence officers.

The Biden administration is barring U.S. financial institutions from participating in the primary market for new debt issued by the Russian central ...