[Federal Register Volume 87, Number 68 (Friday, April 8, 2022)]
[Presidential Documents]
[Pages 20999-21000]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-07757]


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  Federal Register / Vol. 87, No. 68 / Friday, April 8, 2022 / 
Presidential Documents  

[[Page 20999]]


                Executive Order 14071 of April 6, 2022

                
Prohibiting New Investment in and Certain 
                Services to the Russian Federation in Response 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, expanded by Executive 
                Order 14066 of March 8, 2022, and relied on for 
                additional steps taken in Executive Order 14039 of 
                August 20, 2021, and Executive Order 14068 of March 11, 
                2022, hereby order:

                Section 1. (a) The following are prohibited:

(i) new investment in the Russian Federation by a United States person, 
wherever located;

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

(iii) 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, 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.

                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; and
                    (c) 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.

[[Page 21000]]

                Sec. 5. The Secretary of the Treasury, in consultation 
                with the Secretary of State, is 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 may, consistent with applicable law, 
                redelegate any of these functions within the Department 
                of the Treasury. 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.
                    (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,

                    April 6, 2022.

[FR Doc. 2022-07757
Filed 4-7-22; 11:15 am]
Billing code 3395-F2-P