Biden set to issue sweeping sanctions against Russia

The Biden administration is set to issue a wide range of sanctions against Russia in retaliation for recent incursions including the SolarWinds cyber espionage campaign and Moscow's interference in the 2020 presidential election, CBS News has confirmed. The sanctions, first reported by Bloomberg, may be issued as soon as Thursday.

The sanctions are expected to target more than 30 Russian entities and include the expulsion of at least 10 Russian individuals from the United States, including intelligence officials and diplomats, according to sources briefed on the matter.   The administration is also expected to issue an executive order barring U.S. financial institutions from purchasing ruble-denominated bonds beginning in June of 2021, sources told CBS.