[Weekly Compilation of Presidential Documents Volume 37, Number 24 (Monday, June 18, 2001)]
[Pages 889-890]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
Notice--Continuation of Emergency With Respect to Property of the 
Russian Federation Relating to the Disposition of Highly Enriched 
Uranium Extracted From Nuclear Weapons

June 11, 2001

    On June 21, 2000, President Clinton issued Executive Order 13159 
(the ``Order'')

[[Page 890]]

blocking property and interests in property of the Government of the 
Russian Federation that are in the United States, that hereafter come 
within the United States, or that are or hereinafter come within the 
possession or control of U.S. persons that are directly related to the 
implementation of the Agreement Between the Government of the United 
States of America and the Government of the Russian Federation 
concerning the disposition of highly enriched uranium extracted from 
nuclear weapons, dated February 18, 1993, and related contracts and 
agreements (collectively, the ``HEU Agreements''). The HEU Agreements 
allow for the downblending of highly enriched uranium derived from 
nuclear weapons to low enriched uranium for peaceful commercial 
purposes. The Order invoked the authority, inter alia, of the 
International Emergency Economic Powers Act, 50 U.S.C. 1701 et seq., and 
declared a national emergency to deal with the threat to the national 
security and foreign policy of the United States posed by the risk of 
nuclear proliferation created by the accumulation of a large volume of 
weapons-usable fissile material in the territory of the Russian 
Federation.
    A major national security goal of the United States is to ensure 
that fissile material removed from Russian nuclear weapons pursuant to 
various arms control and disarmament agreements is downblended to low 
enriched uranium for peaceful commercial uses, subject to transparency 
measures, and protected from diversion to activities of proliferation 
concern.
    Pursuant to the HEU Agreements, weapons-grade uranium extracted from 
Russian nuclear weapons is converted to low enriched uranium for use as 
fuel in commercial nuclear reactors. The Order blocks and protects from 
attachment, judgment, decree, lien, execution, garnishment, or other 
judicial process the property and interests in property of the 
Government of the Russian Federation that are directly related to the 
implementation of the HEU Agreements and that are in the United States, 
that hereafter come within the United States, or that are or hereafter 
come within the possession or control of United States persons.
    The national emergency declared on June 21, 2000, must continue 
beyond June 21, 2001, to provide continued protection from attachment, 
judgment, decree, lien, execution, garnishment, or other judicial 
process the property and interests in property of the Government of the 
Russian Federation that are directly related to the implementation of 
the HEU Agreements and subject to U.S. jurisdiction. Therefore, in 
accordance with section 202(d) of the National Emergencies Act (50 
U.S.C. 1622(d)), I am continuing the national emergency with respect to 
weapons-usable fissile material in the territory of the Russian 
Federation. This notice shall be published in the Federal Register and 
transmitted to the Congress.
                                                George W. Bush
 The White House,
 June 11, 2001.

 [Filed with the Office of the Federal Register, 8:45 a.m., June 13, 
2001]

Note: This notice was released by the Office of the Press Secretary on 
June 13, and it was published in the Federal Register on June 14.