Blocking Property With Respect To Specified Harmful Foreign Activities of the Government of the Russian Federation

The order declares a national emergency and blocks all U.S.-held property and property interests of any person that the Secretary of the Treasury or Secretary of State determines falls into one of several categories: operators in Russia's technology or defense sectors; persons responsible for cyberattacks, election interference, democratic subversion, transnational corruption, unlawful killings of U.S. or allied nationals, or sanctions evasion; senior Russian government officials and corporate leaders; Russian government subdivisions and instrumentalities; spouses and adult children of blocked persons; and material supporters of any blocked person. It also blocks property of Russian nationals who assist other U.S.-sanctioned governments. A separate provision targets Russian persons responsible for cutting energy supplies to Europe, the Caucasus, or Asia.

Beyond asset freezes, the order suspends U.S. entry as immigrants or nonimmigrants of noncitizens meeting the blocking criteria, with narrow exceptions for law enforcement objectives or U.S. interests. Transactions that evade or conspire to evade the order's prohibitions are independently prohibited. The Secretary of the Treasury is authorized to promulgate rules, employ all IEEPA powers, and submit recurring reports to Congress on the declared emergency.

Russian government officials, Russian military and intelligence-linked entities, technology and defense-sector firms operating in Russia, persons who facilitate Russian cyberattacks or election interference, their adult family members, and any non-Russian nationals who materially support sanctioned Russian actors. U.S. persons and financial institutions holding or transacting with blocked assets are also directly bound.

Any U.S. bank, business, or individual holding assets belonging to a designated person must freeze them immediately. Designated individuals cannot enter the United States. Companies worldwide risk secondary sanctions exposure if they provide goods, services, or financial support to blocked parties — including through digital currencies or physical assets used to evade the regime.

Treasury and State make designation determinations through a consultative process — typically Treasury leads on economic actors, State on government officials — with no prior notice required for listings. Once designated, a target's U.S.-held assets are frozen and U.S. persons are barred from transacting with them. Treasury may promulgate regulations and issue licenses granting limited exceptions. The Secretary of Homeland Security and Secretary of State establish procedures for implementing the entry ban on noncitizens. Treasury files recurring emergency reports to Congress under NEA and IEEPA reporting requirements. Official U.S. government and UN business is carved out from all prohibitions.