Prohibiting New Investment in and Certain Services to the Russian Federation in Response to Continued Russian Federation Aggression
Bars New U.S. Investment and Certain Services to Russia
What it does
Agencies must implement and enforce prohibitions on new U.S. investment, certain services to Russia, and related transactions.
Real-world impact
- Prohibits U.S. individuals and companies from making new investments in Russia.
- Restricts U.S. persons from supplying services to people in Russia as defined by the Treasury.
- Bans approvals, financing, facilitation, or guarantees by U.S. persons for covered foreign transactions.
Topics
Summary
This order prohibits new investment in the Russian Federation by U.S. persons and bans the export, reexport, sale, or supply of categories of services to people located in Russia as defined by the Treasury in consultation with State. It also bars U.S. persons from approving, financing, facilitating, or guaranteeing foreign transactions that would be forbidden if done by a U.S. person.
The restrictions apply to U.S. citizens, lawful permanent residents, entities organized under U.S. law, and any person in the United States, while exempting official federal or United Nations business.
The order implements measures under the national emergency in response to continued Russian aggression.
Questions, answered
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