The Biden administration has issued sanctions against Russia for multiple offenses committed by the country. 

According to CBS, the sanctions are retaliation for the SolarWinds cyber-espionage campaign and Moscow’s interference in the 2016 presidential election. 

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During the SolarWinds cyber attack, Microsoft, Google and several U.S. government agencies were compromised. 

The sanctions target more than 30 Russian “entities,” including at least 10 people from the U.S. who serve as intelligence officials and diplomats. 

“The Biden administration has been clear that the United States desires a relationship with Russia that is stable and predictable,” the White House said. “We do not think that we need to continue on a negative trajectory. However, we have also been clear — publicly and privately — that we will defend our national interests and impose costs for Russian Government actions that seek to harm us.”

As part of the sanctions, the Treasury Department will block U.S. banks from purchasing bonds from the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, or the Ministry of Finance of the Russian Federation after June 14, The Hill reported. 

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This is a developing story that will be updated.