Prohibiting Certain Imports, Exports, and New Investment With Respect to Continued Russian Federation Aggression

Executive Order 14068 of March 11, 2022

Prohibiting Certain Imports, Exports, and New
Investment With Respect to Continued Russian Federation
Aggression

By the authority vested in me as President by the
Constitution and the laws of the United States of
America, including the International Emergency Economic
Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the
National Emergencies Act (50 U.S.C. 1601 et seq.), and
section 301 of title 3, United States Code,

I, JOSEPH R. BIDEN JR., President of the United States
of America, in order to take additional steps with
respect to the national emergency declared in Executive
Order 14024 of April 15, 2021, relied on for additional
steps taken in Executive Order 14039 of August 20,
2021, and expanded by Executive Order 14066 of March 8,
2022, hereby order:

Section 1. (a) The following are prohibited:

(i) the importation into the United States of the following products of
Russian Federation origin: fish, seafood, and preparations thereof;
alcoholic beverages; non-industrial diamonds; and any other products of
Russian Federation origin as may be determined by the Secretary of the
Treasury, in consultation with the Secretary of State and the Secretary of
Commerce;

(ii) the exportation, reexportation, sale, or supply, directly or
indirectly, from the United States, or by a United States person, wherever
located, of luxury goods, and any other items as may be determined by the
Secretary of Commerce, in consultation with the Secretary of State and the
Secretary of the Treasury, to any person located in the Russian Federation;

(iii) new investment in any sector of the Russian Federation economy as may
be determined by the Secretary of the Treasury, in consultation with the
Secretary of State, by a United States person, wherever located;

(iv) the exportation, reexportation, sale, or supply, directly or
indirectly, from the United States, or by a United States person, wherever
located, of U.S. dollar-denominated banknotes to the Government of the
Russian Federation or any person located in the Russian Federation; and

(v) any approval, financing, facilitation, or guarantee by a United States
person, wherever located, of a transaction by a foreign person where the
transaction by that foreign person would be prohibited by this section if
performed by a United States person or within the United States.

    (b) The prohibitions in subsection (a) of this
section apply except to the extent provided by
statutes, or in regulations, orders, directives, or
licenses that may be issued pursuant to this order, or
pursuant to the export control authorities implemented
by the Department of Commerce, and notwithstanding any
contract entered into or license or permit granted
prior to the date of this order.

Sec. 2. (a) Any transaction that evades or avoids, has
the purpose of evading or avoiding, causes a violation
of, or attempts to violate any of the prohibitions set
forth in this order is prohibited.

    (b) Any conspiracy formed to violate any of the
prohibitions set forth in this order is prohibited.

Sec. 3. Nothing in this order shall prohibit
transactions for the conduct of the official business
of the Federal Government or the United Nations
(including its specialized agencies, programs, funds,
and related organizations) by employees, grantees, or
contractors thereof.

Sec. 4. For the purposes of this order:

    (a) the term “entity” means a partnership,
association, trust, joint venture, corporation, group,
subgroup, or other organization;
    (b) the term “person” means an individual or
entity;
    (c) the term “Government of the Russian
Federation” means the Government of the Russian
Federation, any political subdivision, agency, or
instrumentality thereof, including the Central Bank of
the Russian Federation, and any person owned,
controlled, or directed by, or acting for or on behalf
of, the Government of the Russian Federation; and
    (d) the term “United States person” means any
United States citizen, lawful permanent resident,
entity organized under the laws of the United States or
any jurisdiction within the United States (including
foreign branches), or any person in the United States.

Sec. 5. The Secretary of the Treasury and the Secretary
of Commerce, in consultation with the Secretary of
State, are hereby authorized to take such actions,
including the promulgation of rules and regulations,
and to employ all powers granted to the President by
IEEPA, as may be necessary to carry out the purposes of
this order. The Secretary of the Treasury and the
Secretary of Commerce may, consistent with applicable
law, redelegate any of these functions within the
Department of the Treasury and the Department of
Commerce, respectively. All executive departments and
agencies of the United States shall take all
appropriate measures within their authority to
implement this order.

Sec. 6. (a) Nothing in this order shall be construed to
impair or otherwise affect:

(i) the authority granted by law to an executive department or agency, or
the head thereof; or

(ii) the functions of the Director of the Office of Management and Budget
relating to budgetary, administrative, or legislative proposals.

    (b) This order shall be implemented consistent with
applicable law and subject to the availability of
appropriations.

    (c) This order is not intended to, and does not,
create any right or benefit, substantive or procedural,
enforceable at law or in equity by any party against
the United States, its departments, agencies, or
entities, its officers, employees, or agents, or any
other person.

    (Presidential Sig.)

THE WHITE HOUSE,

    March 11, 2022.