Prohibiting Certain Imports and New Investments With Respect to Continued Russian Federation Efforts To Undermine the Sovereignty and Territorial Integrity of Ukraine

The order prohibits three categories of activity: (1) importing into the United States any crude oil, petroleum, petroleum fuels, oils and distillation products, liquefied natural gas, coal, or coal products of Russian Federation origin; (2) new investment by any U.S. person — anywhere in the world — in Russia's energy sector; and (3) any U.S. person approving, financing, facilitating, or guaranteeing a transaction by a foreign person that would itself be prohibited if done by a U.S. person. Evading or conspiring to evade these prohibitions is also prohibited. The Secretary of the Treasury, consulting with the Secretary of State, is authorized to promulgate rules, issue licenses, and use all IEEPA powers to implement the order.

A limited exemption preserves transactions required for the official business of the U.S. federal government and the United Nations. The prohibitions apply regardless of any contracts or licenses granted before the order's signing date, though the Treasury Secretary may issue specific licenses authorizing otherwise-prohibited transactions on a case-by-case basis.

U.S. companies and individuals that import Russian oil, gas, or coal; U.S. investors and financial institutions with ongoing or planned exposure to Russia's energy sector; foreign persons whose transactions are facilitated, financed, or guaranteed by U.S. persons.

U.S. purchasers of Russian energy must immediately halt those imports, cutting off dollar revenues that fund Russia's war effort. Energy companies, traders, and banks facilitating such deals face legal liability, and U.S. investors must halt any new capital commitments to Russian energy projects.

The prohibitions take effect immediately upon signing with no phase-in period. The Treasury Secretary has full IEEPA authority to issue rules, regulations, orders, and licenses, and may redelegate those functions within Treasury. Exemptions require a license from Treasury; the order does not grant any automatic grace period for unwinding existing contracts. All other executive agencies must take appropriate measures within their own authority to support implementation. No sunset clause is specified; the order persists until revoked or the underlying national emergency is terminated.