Home » Even tougher: the United States will impose sanctions on Russia's sovereign debt

Even tougher: the United States will impose sanctions on Russia's sovereign debt

by alex

The US authorities on April 15 will announce new sanctions against Russia, “including far-reaching financial measures,” writes The New York Times, citing informed sources. Washington blames Moscow for attacks on government networks and many other violations.

The new measures will include the expulsion of some Russian diplomats, as the Obama administration did five years ago, accusing Moscow of electoral interference.

Sovereign debtors of Russia declassified

In addition, these sanctions are intended to cause more serious damage than the previous ones, so they will be directed against the country's sovereign debt.

“Administration officials were determined to develop a response that would cost Moscow a real cost, as many of the previous rounds of sanctions had been ignored,” the newspaper said.

Restrictions on sovereign debt affect the country's ability to attract dollar bonds; lenders in such a situation are afraid of being cut off from the American financial markets. The US used similar methods against Iran.

Prices for Russian bonds have fluctuated in recent weeks in anticipation of possible sanctions. Russia has relatively little debt, making it potentially less vulnerable to these tactics, NYT notes.

According to Rambler, in December last year, the US said that about 200 organizations, including US government agencies, were hacked as a result of an alleged Russian cyberattack.

According to the authorities, the hackers injected malicious code into the widely used SolarWinds program. The malicious update was received by 18,000 users of the program, but the number of companies actually hacked was probably much smaller. The motives of the hackers remain unknown, and it is unclear what they viewed or stolen from the computer networks they entered.

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