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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
PoliticsRussia

A look at new Biden Administration sanctions against Russia

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The Associated Press
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By
The Associated Press
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April 16, 2021, 10:12 AM ET
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The Biden administration on Thursday rolled out a sweeping set of sanctions on Russia over its election interference, hacking campaigns and other malign activity. A look at those sanctions:

Election-Related Sanctions

The Treasury Department sanctioned 16 people and 16 entities related to Russia’s election interference efforts. They include SouthFront, NewsFront and the Strategic Culture Foundation, described by the department as disinformation sites with ties to Russian intelligence. Additionally, the department took new action to sanction Yevgeniy Prigozhin, a backer of the Internet Research Agency, which carried out Russia’s election interference campaign in 2016, and Konstantin Kilimnik, a Russian intelligence agent who falsely claimed Ukraine was behind the 2016 interference effort.

Cyber-Related Sanctions

President Joe Biden signed an executive order granting the Treasury Department new authorities to sanction Russian government hackers and the information technology companies supporting them. The department used the new powers to sanction a half-dozen Russian companies that conduct research and development and technical support to Russian intelligence relating to a number of hacks, including the massive SolarWinds breach. The best-known sanctioned company is Positive Technologies, a cybersecurity firm with a global clientele, including major banks and telecoms; Microsoft said Thursday it was removing it from a list of partners to which it provides early access to vulnerability data. Treasury officials said Russian intelligence services recruit hackers at conventions hosted by Positive, whose first major clients included Russia’s Defense Ministry in 2004.

Ukraine-Related Sanctions

Acting in partnership with the European Union, the United Kingdom, Canada and Australia, the U.S. sanctioned Russian people and entities that have supported Russia’s claimed annexation of the Crimean Peninsula, which is not recognized by the international community. Russian companies that helped build a bridge linking Crimea to Russia and Russian officials serving in leadership positions in Crimea were sanctioned jointly by the U.S. and its allies.

General Sanctions

The U.S. targeted Russia’s ability to borrow money by prohibiting U.S. financial institutions from buying Russian bonds directly from the Russian Central Bank, the Russian National Wealth Fund and the Ministry of Finance.

Other Actions

The U.S. expelled 10 Russian diplomats, including some the Biden administration said were representatives of Russian intelligence services. The White House also said Biden was using diplomatic, military and intelligence channels to respond to reports that Russia encouraged the Taliban to attack U.S. and allied troops in Afghanistan based on the “best assessments” of the intelligence community.

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