Prohibiting Certain Imports, Exports, and New Investment With Respect to Continued Russian Federation Aggression
Headline: Bans Certain Russian Imports, Exports, and New United States Investment
What it does: Federal agencies must implement the prohibitions, and the Treasury and Commerce Departments must issue rules to enforce them.
- Stops imports of Russian-origin seafood, alcohol, and non-industrial diamonds.
- Bars United States persons from exporting luxury goods and U.S. dollar banknotes to Russia.
- Prohibits new United States investment in designated sectors of the Russian economy.
Summary
This order prohibits a range of trade and investment with Russia in response to continued Russian aggression. It bans specified imports from Russia, stops exports of luxury goods and United States dollar banknotes to Russia, and blocks new United States investment in designated Russian economic sectors.
The rules affect United States citizens and companies, people and businesses located in Russia, and the Russian government. The Treasury and Commerce Departments are directed to write rules and use emergency economic powers to implement and enforce the prohibitions.
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