The US government is set to issue a wide range of sanctions against Russia.
The move would be retaliation for cyber-attacks aimed at the US, including alleged interference in the 2020 presidential elections.
Reports show the sanctions target more than 30 Russian entities and include the expulsion of at least 10 individuals from the US including diplomats.
The administration of US President Joe Biden is also expected to issue an executive order barring US financial institution from purchasing rouble-denominated bonds from June.
The measures are coming at a tense time for US-Russia relations.
They are the second major round of sanctions against Moscow after seven mid-level and senior Russian officials.
More than a dozen government entities, were targeted over the poisoning of Kremlin critic Alexei Navalny last month but Russia says it had no chunk in the poisoning.
Sources say, during a call with Russian President Vladimir Putin on Tuesday this week, Joe Biden said the US would act firmly in defense of its national interests.