Biden administration sets the stage for retaliation against Russia over SolarWinds, election interference: report

• The Biden administration finished an intelligence report on alleged Russian meddling, Bloomberg reported.

• The review could lead to retaliatory action against Russia over the SolarWinds hack and election interference, according to the report.

• Last month, Biden announced sanctions against Russian officials over the treatment of Putin critic Alexei Navalny.

• See more stories on Insider's business page.

The Biden administration completed an intelligence review of alleged Russian meddling in the SolarWinds cybersecurity attack and interference in US elections, Bloomberg reported Wednesday.

The review could set the stage for possible retaliatory actions like enacting sanctions or expulsion of Russian intel officers in the US, three people familiar with the matter told Bloomberg.

Now that the intelligence review is complete, the US could respond by "singling out people close to Russian President Vladimir Putin as well as agencies linked to election interference," Bloomberg reported.

In January, a joint US intelligence task force issued a rare initial public statement to the SolarWinds hack that it was "likely Russian in nature," Insider's Azmi Haroun reported.