US institutes new Russia sanctions in response to SolarWinds hack
A White House order issued Thursday morning directs the US government to expel ten diplomats and place a range of new sanctions on Russian individuals and assets in response to the SolarWinds hack. The order also places significant new restrictions on Russia’s sovereign debt, which will make it more difficult for the country’s government to raise money and support its currency.
“Treasury will target Russian leaders, officials, intelligence services, and their proxies that attempt to interfere in the U.S. electoral process or subvert U.S. democracy,” said Treasury Secretary Janet Yellen. “This is the start of a new U.S. campaign against Russian malign behavior.”
Uncovered in December, the hack saw more than 250 federal agencies and…