The Biden administration announced a sweeping package of sanctions on Russia on Thursday, including further restrictions on Moscow’s ability to tap capital markets and fresh designations on companies that support Russian cyberattacks overseas. The new measures, the culmination of a broad review of nefarious Russian activity that U.S. President Joe Biden launched his first day in office, come after Russian Foreign Minister Sergey Lavrov recently warned that relations between Moscow and Washington have “hit the bottom.”
