New American sanctions against Russia can open way for a new „Cold War”, experts say

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President Biden on Thursday signed an executive order declaring a “national emergency” over the threat from Russia. The document was sent to Congress. The Biden administration on Thursday announced the U.S. is expelling 10 Russian diplomats including representatives of Russian intelligence services and imposing sanctions against dozens of companies and people. “Today, we announced actions to hold the Russian Government to account for the SolarWinds intrusion, reports of bounties on U.S. soldiers in Afghanistan, and attempts to interfere in the 2020 U.S. elections,” Secretary of State Antony Blinken said in a statement. At the same time the American official declared “the United States will also seek opportunities for cooperation with Russia, with the goal of building a more stable and predictable relationship consistent with U.S. interests.”

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The order makes it more difficult for Russia to borrow money by barring U.S. banks from buying Russian bonds directly from the Russian Central Bank, Russian National Wealth Fund and Finance Ministry. Kremlin Spokesman Dmitry Peskov said “[w]e condemn any pursuit of sanctions, we consider them illegal. In any case, the principle of reciprocity in this matter is valid; reciprocity in a way that best serves our interests.” Tensions have escalated between the U.S. and Russia during the American president’s first three months. Experts are worrying about a new “Cold War.”