The United States and its allies are planning on Thursday to trigger the “full scale” of sanctions against Russia that have been discussed over the past several weeks, according to a senior Biden administration official.
While the official declined to lay out specifics, the US has planned to target Russia’s two largest banks, as well as other financial firms, and has prepared to deploy export controls to cut off Russian access to critical Western technology for entire Russian economic sectors.
Additional members of Russian President Vladimir Putin’s inner circle and their families will also be targeted.
Discussions are ongoing late this evening between US and European officials about the final shape of the package, the official said. It will also be a topic of discussion at the virtual G7 meeting scheduled for Thursday morning, the official said.
US officials also remain on high alert for any cyber activity targeting key domestic targets including banks and critical infrastructure, the official said.