Great Britain

World holds breath as Biden expels 10 Russian diplomats in fury at Putin–retaliation fears

US President Joe Biden

US President Joe Biden (Image: GETTY)

The White House said sanctions were in response to Moscow's "election interference, activities targeting dissidents,  and malicious cyber activities". Measures include new prohibitions on certain dealings in Russian sovereign debt and targeted sanctions on technology companies, the US treasury department confirmed.

Among others, the sanctions target the CEO of russian construction firm Mostotrest.

President Joe Biden will issue an executive order on Thursday authorizing the US government to sanction any sector of the Russian economy and barring US  banks from participating in the primary markets for rouble-denominated bonds.

(More to follow)

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