Prohibiting Certain Imports, Exports, and New Investment With Respect to Continued Russian Federation Aggression
The order immediately prohibits a set of Russian-origin imports into the United States — including fish and seafood, alcoholic beverages, and non-industrial diamonds — and bans U.S. exports of luxury goods and dollar-denominated banknotes to Russia, while also barring new American investment in designated sectors of the Russian economy.
It is part of a series of escalating economic sanctions responding to Russian military aggression, expanding on three prior emergency orders and taking effect the moment it was signed.
What this order does
What it orders
The order directs four immediate prohibitions on U.S.-Russia economic activity: (1) banning imports of Russian fish and seafood, alcoholic beverages, and non-industrial diamonds; (2) banning U.S. exports of luxury goods to any person in Russia; (3) banning new U.S. investment in Russian economic sectors designated by the Treasury Secretary; and (4) banning U.S. exports of dollar-denominated banknotes to the Russian government or any person in Russia. It also bars U.S. persons from facilitating transactions by foreign persons that would themselves be prohibited if performed by a U.S. person.
The Secretaries of Treasury and Commerce are authorized to expand the import and export prohibition lists through future determinations, and all executive departments are directed to take appropriate implementing measures. Exceptions exist for official U.S. government and United Nations business. The order does not create any privately enforceable rights.
Who it affects
U.S. importers of Russian seafood, spirits, and diamonds; U.S. exporters of luxury goods; U.S. businesses and individuals with existing or planned investments in Russia; U.S. financial institutions that might otherwise transfer dollar banknotes to Russian parties; and any U.S. person who might facilitate a third party's prohibited transaction.
Why it matters
Importers and retailers of Russian seafood, alcohol, and diamonds lose access to that supply immediately. Exporters of luxury goods and dollar cash face legal liability for sales into Russia. American companies and investors are barred from new Russian ventures, limiting business exposure and cutting off a channel for capital to flow into Russia.
What must happen and when
How the order is supposed to work
The prohibitions take effect on signing. Treasury and Commerce each hold delegated authority to expand the banned lists — Treasury can add import product categories and designate investment sectors; Commerce can add export items — both in consultation with the State Department. Those agencies may further redelegate within their departments. An anti-evasion clause closes loopholes by prohibiting any transaction structured to sidestep the order, and conspiracy to evade is independently prohibited. No sunset clause is included; the order operates within the pre-existing national emergency declared in EO 14024.
Actions and deadlines
- Determine additional Russian-origin products subject to the import ban, in consultation with State and Commerce
- Determine additional export items subject to the luxury-goods export ban, in consultation with State and Treasury
- Determine Russian economic sectors in which new U.S. investment is prohibited, in consultation with State
- Promulgate rules and regulations necessary to carry out the order's prohibitions