President Joe Biden signed an executive order Thursday morning granting the Department of the Treasury sweeping authority to sanction Russian companies and individuals connected to a series of malign activities.

The order and sanctions come after the Biden administration completed its three-month review of the 2020 SolarWinds hack in early April, at which point officials indicated the administration would specifically target “people close to Russian President Vladimir Putin as well as agencies linked to election interference.”

The U.S. also joins allies in launching sanctions over the attempted assassination and jailing of Russian opposition leader Alexei Navalny. (RELATED: U.S. Determines Russia Responsible For ‘Most Or All’ Of Massive Federal Breach)

Russian Prime Minister Vladimir Putin (L) and US Vice President Joe Biden (2nd R) meet on March 10, 2011 with their delegations in Moscow. Putin on March 10 proposed to Biden that Russia and the United States abolish visas in a "historic" step to seal a revival in ties. Biden's visit is aimed at building on the "reset" in relations spearheaded by Russian President Dmitry Medvedev but Putin has until now enjoyed less cordial relations with Washington than his successor as Kremlin chief. (Photo credit should read ALEXEY DRUZHININ/AFP via Getty Images)

Russian Prime Minister Vladimir Putin (L) and US Vice President Joe Biden (2nd R) meet on March 10, 2011 with their delegations in Moscow. Putin on March 10 proposed to Biden that Russia and the United States abolish visas in a “historic” step to seal a revival in ties. Biden’s visit is aimed at building on the “reset” in relations spearheaded by Russian President Dmitry Medvedev but Putin has until now enjoyed less cordial relations with Washington than his successor as Kremlin chief. (Photo credit should read ALEXEY DRUZHININ/AFP via Getty Images)

“The President signed this sweeping new authority to confront Russia’s continued and growing malign behavior,” Treasury Secretary Janet L. Yellen said of the decision in a statement. “Treasury is leveraging this new authority to impose costs on the Russian government for its unacceptable conduct, including by limiting Russia’s ability to finance its

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