President Joe Biden (L) and President Vladimir Putin.

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The Biden government imposed a series of new sanctions against Moscow on Thursday for alleged election disruptions and cyberattacks.

“Today the US Treasury Department (OFAC) took extensive action against 16 companies and 16 people who, on the orders of the leadership of the Russian government, tried to influence the US presidential election in 2020,” the Treasury Department said in a statement.

The sanctions come after President Joe Biden’s call this week with Russian leader Vladimir Putin and as a Russian force near the Ukrainian border.

The dollar was up 1.69% against the ruble at 3 p.m. local time, while the Russian currency traded against the greenback at 77.0718 a.m. Wednesday’s closing price against the dollar was 75.7928.

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