US President Joe Biden
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)