Economics

Russia Targeted in Trump Order For Chemical Weapons Sanctions

  • Ruble slumps, investors confused on sanctions reach on debt
  • Trump authorizes Russia penalties for U.K. nerve-agent attack

Emergency workers in Salisbury, 2018

Photographer: Jack Taylor/Getty Images Europe
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President Donald Trump signed an executive order authorizing sanctions on new issuances of Russian sovereign debt, punishing the country for the 2018 nerve-agent attack on a former Russian spy in the U.K.

The order, released by the White House late Thursday, directs the government to attempt to cut off international financing and forbids U.S. bank loans to governments subject to U.S. sanctions for using chemical or nuclear weapons.