[Federal Register Volume 87, Number 50 (Tuesday, March 15, 2022)]
[Presidential Documents]
[Pages 14381-14383]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-05554]


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  Federal Register / Vol. 87, No. 50 / Tuesday, March 15, 2022 / 
Presidential Documents  

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 Title 3--
 The President

[[Page 14381]]

                Executive Order 14068 of March 11, 2022

                
Prohibiting Certain Imports, Exports, and New 
                Investment With Respect to Continued Russian Federation 
                Aggression

                By the authority vested in me as President by the 
                Constitution and the laws of the United States of 
                America, including the International Emergency Economic 
                Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the 
                National Emergencies Act (50 U.S.C. 1601 et seq.), and 
                section 301 of title 3, United States Code,

                I, JOSEPH R. BIDEN JR., President of the United States 
                of America, in order to take additional steps with 
                respect to the national emergency declared in Executive 
                Order 14024 of April 15, 2021, relied on for additional 
                steps taken in Executive Order 14039 of August 20, 
                2021, and expanded by Executive Order 14066 of March 8, 
                2022, hereby order:

                Section 1. (a) The following are prohibited:

(i) the importation into the United States of the following products of 
Russian Federation origin: fish, seafood, and preparations thereof; 
alcoholic beverages; non-industrial diamonds; and any other products of 
Russian Federation origin as may be determined by the Secretary of the 
Treasury, in consultation with the Secretary of State and the Secretary of 
Commerce;

(ii) the exportation, reexportation, sale, or supply, directly or 
indirectly, from the United States, or by a United States person, wherever 
located, of luxury goods, and any other items as may be determined by the 
Secretary of Commerce, in consultation with the Secretary of State and the 
Secretary of the Treasury, to any person located in the Russian Federation;

(iii) new investment in any sector of the Russian Federation economy as may 
be determined by the Secretary of the Treasury, in consultation with the 
Secretary of State, by a United States person, wherever located;

(iv) the exportation, reexportation, sale, or supply, directly or 
indirectly, from the United States, or by a United States person, wherever 
located, of U.S. dollar-denominated banknotes to the Government of the 
Russian Federation or any person located in the Russian Federation; and

(v) any approval, financing, facilitation, or guarantee by a United States 
person, wherever located, of a transaction by a foreign person where the 
transaction by that foreign person would be prohibited by this section if 
performed by a United States person or within the United States.

                    (b) The prohibitions in subsection (a) of this 
                section apply except to the extent provided by 
                statutes, or in regulations, orders, directives, or 
                licenses that may be issued pursuant to this order, or 
                pursuant to the export control authorities implemented 
                by the Department of Commerce, and notwithstanding any 
                contract entered into or license or permit granted 
                prior to the date of this order.

                Sec. 2. (a) Any transaction that evades or avoids, has 
                the purpose of evading or avoiding, causes a violation 
                of, or attempts to violate any of the prohibitions set 
                forth in this order is prohibited.

                    (b) Any conspiracy formed to violate any of the 
                prohibitions set forth in this order is prohibited.

                Sec. 3. Nothing in this order shall prohibit 
                transactions for the conduct of the official business 
                of the Federal Government or the United Nations 
                (including its specialized agencies, programs, funds, 
                and related organizations) by employees, grantees, or 
                contractors thereof.

[[Page 14382]]

                Sec. 4. For the purposes of this order:

                    (a) the term ``entity'' means a partnership, 
                association, trust, joint venture, corporation, group, 
                subgroup, or other organization;
                    (b) the term ``person'' means an individual or 
                entity;
                    (c) the term ``Government of the Russian 
                Federation'' means the Government of the Russian 
                Federation, any political subdivision, agency, or 
                instrumentality thereof, including the Central Bank of 
                the Russian Federation, and any person owned, 
                controlled, or directed by, or acting for or on behalf 
                of, the Government of the Russian Federation; and
                    (d) the term ``United States person'' means any 
                United States citizen, lawful permanent resident, 
                entity organized under the laws of the United States or 
                any jurisdiction within the United States (including 
                foreign branches), or any person in the United States.

                Sec. 5. The Secretary of the Treasury and the Secretary 
                of Commerce, in consultation with the Secretary of 
                State, are hereby authorized to take such actions, 
                including the promulgation of rules and regulations, 
                and to employ all powers granted to the President by 
                IEEPA, as may be necessary to carry out the purposes of 
                this order. The Secretary of the Treasury and the 
                Secretary of Commerce may, consistent with applicable 
                law, redelegate any of these functions within the 
                Department of the Treasury and the Department of 
                Commerce, respectively. All executive departments and 
                agencies of the United States shall take all 
                appropriate measures within their authority to 
                implement this order.

                Sec. 6. (a) Nothing in this order shall be construed to 
                impair or otherwise affect:

(i) the authority granted by law to an executive department or agency, or 
the head thereof; or

(ii) the functions of the Director of the Office of Management and Budget 
relating to budgetary, administrative, or legislative proposals.

                    (b) This order shall be implemented consistent with 
                applicable law and subject to the availability of 
                appropriations.

[[Page 14383]]

                    (c) This order is not intended to, and does not, 
                create any right or benefit, substantive or procedural, 
                enforceable at law or in equity by any party against 
                the United States, its departments, agencies, or 
                entities, its officers, employees, or agents, or any 
                other person.
                
                
                    (Presidential Sig.)

                THE WHITE HOUSE,

                    March 11, 2022.

[FR Doc. 2022-05554
Filed 3-14-22; 8:45 am]
Billing code 3395-F2-P