Economy

Finland Offers To Host Putin-Biden Summit: President's Office

Finland Offers To Host Putin-Biden Summit: President's Office”

The Administration also responded to the reports that Russian Federation encouraged Taliban attacks against US and coalition personnel in Afghanistan based on the best assessments from the Intelligence Community (IC).

The statement said "no known Canadian entities have been exploited to date", but investigations are ongoing.

In concert with the European Union, Britain, Australia and Canada, the Treasury also put sanctions on eight individuals associated with Moscow's occupation of Crimea, which Russian Federation annexed from Ukraine in 2014.

Britain has accused Russia's foreign intelligence agency of responsibility for a major cyber attack affecting thousands of organisations in the West.

This official said the executive order authorized the USA government "to target any sector of the Russian economy", adding "we will not hesitate to expand the Russian sovereign debt sanction if Russia escalates further". "It's also a warning to United States financial institutions about how much they play with Russian Federation".

Russian Federation and Americans are both proud and patriotic people.

U.S. President Joe Biden on Thursday proposed a summit with Russian President Vladimir Putin in Europe this summer after authorizing multiple sanctions against Russia.

The executive order on "Blocking Property with Respect to Specified, Harmful Foreign Activities of the Government of the Russian Federation", was signed by Biden on Wednesday and will be made public on Thursday morning, US officials said.

Jake Sullivan, Mr Biden's national security adviser, said: "His [Mr Biden's] goal is to provide a significant and credible response but not to escalate the situation".

Reports of alleged "bounties" surfaced a year ago, with the Trump administration coming under fire for not raising the issue directly with Russian Federation.

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This year even before the recent alarm over the Ukraine conflict, tensions had ratcheted up sharply after the United States slapped sanctions on Russian Federation over the poisoning of jailed Kremlin critic Alexei Navalny.

Andrew Weiss, a Carnegie Endowment for International Peace think tank analyst, was sceptical the U.S. sanctions would change a "largely competitive and adversarial relationship" in the short term or deter Russian Federation in the long term.

The sanctions are hostile steps that heighten the countries' confrontation, a Russian Foreign Ministry spokeswoman said. It was not immediately clear what if any other actions might be planned Officials had previously said they expected to take actions both seen and unseen. But they are certain to exacerbate an already tense relationship between the US and Russian Federation.

Ties then hit rock bottom last month after Biden, who promised to take a firmer line on Moscow than his predecessor Donald Trump, agreed with a description of Putin as a "killer".

The US administration said that although it wanted a stable and predictable relationship with Moscow, it was clear that it had to defend its interests and impose costs on the Russian government over its actions in cyber space. Putin later recalled his ambassador to the USA and pointed at the US history of slavery and slaughtering Native Americans and the atomic bombing of Japan in World War II.

Past sanctions by the United States have failed to bring an end to Russian cyber hacking.

The announcement follows an expansive review of Russia's activities, ranging from its interference in the 2020 US presidential election to placing bounties on USA soldiers in Afghanistan, and includes a specific, tailored set of measures, leaving options for future action depending on how Moscow responds.

The Biden administration actions against alleged Russian activity come at a tense time in bilateral relations.

U.S. officials are still grappling with the after effects of the SolarWinds intrusion which affected agencies including the Treasury Justice Energy and Homeland Security departments and are still assessing what information may have been stolen.

For its part, the United Kingdom government's National Cyber Security Centre said Thursday that it was "highly likely" that the SVR was behind the SolarWinds breaches. Last month, the US sanctioned seven mid-level and senior Russian officials, along with more than a dozen government entities, over a almost fatal nerve-agent attack on opposition leader Alexei Navalny and his subsequent jailing.



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