Executive Order on Prohibiting Certain Imports and New Investments With Respect to Continued Russian Federation Efforts to Undermine the Sovereignty and
By the authority vested in me as President by the Constitution and the legislation of the United States of America, like the Intercontinental Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the Countrywide Emergencies Act (50 U.S.C. 1601 et seq.), and segment 301 of title 3, United States Code,
I, JOSEPH R. BIDEN JR., President of the United States of The usa, hereby broaden the scope of the national unexpected emergency declared in Government Purchase 14024 of April 15, 2021, and relied on for more methods taken in Executive Get 14039 of August 20, 2021, finding that the Russian Federation’s unjustified, unprovoked, unyielding, and unconscionable war in opposition to Ukraine, including its new even further invasion in violation of worldwide legislation, which includes the United Nations Constitution, further threatens the peace, security, sovereignty, and territorial integrity of Ukraine, and thereby constitutes an abnormal and extraordinary danger to the countrywide safety and foreign plan of the United States. Appropriately, I hereby buy:
Part 1. (a) The pursuing are prohibited:
(i) the importation into the United States of the adhering to solutions of Russian Federation origin: crude oil petroleum petroleum fuels, oils, and products of their distillation liquefied pure fuel coal and coal products
(ii) new expense in the power sector in the Russian Federation by a United States individual, anywhere situated and
(iii) any approval, financing, facilitation, or assure by a United States person, wherever found, of a transaction by a overseas person where the transaction by that overseas individual would be prohibited by this portion if carried out by a United States human being or in just the United States.
(b) The prohibitions in subsection (a) of this segment utilize apart from to the extent delivered by statutes, or in polices, orders, directives, or licenses that could be issued pursuant to this purchase, and notwithstanding any contract entered into or license or permit granted prior to the date of this buy.
Sec. 2. (a) Any transaction that evades or avoids, has the reason of evading or avoiding, causes a violation of, or tries to violate any of the prohibitions established forth in this get is prohibited.
(b) Any conspiracy formed to violate any of the prohibitions set forth in this get is prohibited.
Sec. 3. Nothing in this purchase shall prohibit transactions for the carry out of the official business of the Federal Government or the United Nations (which include its specialised businesses, systems, funds, and relevant corporations) by staff members, grantees, or contractors thereof.
Sec. 4. For the functions of this order:
(a) the phrase “entity” usually means a partnership, association, rely on, joint enterprise, company, group, subgroup, or other organization
(b) the expression “person” signifies an individual or entity and
(c) the phrase “United States person” indicates any United States citizen, lawful lasting resident, entity organized under the laws of the United States or any jurisdiction inside of the United States (like international branches), or any individual in the United States.
Sec. 5. The Secretary of the Treasury, in consultation with the Secretary of Condition, is hereby licensed to choose such actions, including the promulgation of policies and polices, and to use all powers granted to the President by IEEPA, as may perhaps be needed to carry out the applications of this order. The Secretary of the Treasury may, dependable with relevant legislation, redelegate any of these features in just the Section of the Treasury. All executive departments and agencies of the United States shall acquire all acceptable actions inside their authority to put into action this get.
Sec. 6. (a) Absolutely nothing in this purchase shall be construed to impair or usually have an impact on:
(i) the authority granted by legislation to an government section or agency, or the head thereof or
(ii) the functions of the Director of the Office environment of Administration and Budget relating to budgetary, administrative, or legislative proposals.
(b) This order shall be carried out steady with applicable regulation and subject to the availability of appropriations.
(c) This buy is not meant to, and does not, make any suitable or gain, substantive or procedural, enforceable at regulation or in fairness by any occasion in opposition to the United States, its departments, companies, or entities, its officers, staff members, or brokers, or any other human being.
JOSEPH R. BIDEN JR.
THE WHITE House,
March 8, 2022.
