Blocking Property With Respect to Certain Russian Energy Export Pipelines

2021-08-24Executive Order 14039
Signed by: Joseph R. Biden Jr.
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Headline: Blocks Property of Certain Foreign Persons Linked to Russian Pipelines

What it does: Agencies must block and restrict transactions in property of foreign persons identified under PEESA and implement visa, admission, and enforcement measures.

Real World Impact:
  • Freezes assets of listed foreign persons within U.S. jurisdiction.
  • Prohibits U.S. persons from transferring funds, goods, or services to them.
  • Imposes visa, admission, and parole restrictions on listed persons.
Topics: sanctions, energy infrastructure, Russia-related policy, travel and visas

Summary

This order blocks the property and interests in property of foreign persons identified by the Secretary of State in a report to Congress under PEESA. It bars assets in the United States, assets that enter the United States, or assets controlled by U.S. persons from being transferred, paid, exported, withdrawn, or otherwise dealt with, and it prohibits contributions to or from listed persons. The order also directs visa and immigration restrictions and authorizes the Treasury to issue rules to enforce these measures in response to a prior national emergency declaration.

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