Biden administration sanctions Russia for SolarWinds hack, election interference

The Biden administration on Thursday announced sanctions against Russia for its involvement in a recent major cyber espionage operation against the U.S., foreign influence operations around U.S. elections and other concerns.

As part of an executive order signed by President Biden, the administration through the Treasury Department will block U.S. financial institutions from purchasing bonds from Russia's Central Bank, National Wealth Fund or Ministry of Finance after June 14 and from lending funds to these institutions. The directive also leaves open the possibility for the administration to expand the sanctions...