By the authority vested in me as President by the Constitution and laws of the United States of America, including the International Emergency Economic Powers Act (50 USC 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, to take further action with respect to the national emergency declared in Executive Order 14024 of April 15, 2021, invoked for the additional action taken in Executive Decree 14039 of August 20, 2021, and supplemented by Executive Decree No. 14066 of March 8, 2022, orders:

Section 1. (a) The following are prohibited:

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

(ii) the export, re-export, sale or supply, directly or indirectly, from the United States, or by a United States Person, wherever located, of luxury goods and any other item 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 economy of the Russian Federation as determined by the Secretary of the Treasury, in consultation with the Secretary of State, by a national of the United States, wherever located ;

(iv) the export, re-export, sale or supply, directly or indirectly, from the United States, or by a person of the United States, wherever located, of bank notes denominated in United States dollars 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 such foreign person would be prohibited by this Section if it were made by a person of the United States or in the United States.

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

Second. 2. (a) Any transaction that evades or avoids, is intended to evade or avoid, involves a violation or attempts to violate any of the prohibitions set out in this order is prohibited.

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

Second. 3. Nothing in this order prohibits transactions for the conduct of official business of the Federal Government or the United Nations (including its specialized agencies, programs, funds and related organizations) by their employees, beneficiaries or contractors.

Second. 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 instrument thereof, including the Central Bank of the Russian Federation, and any detained person, 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 citizen of the United States, lawful permanent resident, entity organized under the laws of the United States or any jurisdiction in the United States (including foreign branches), or anyone in the United States.

Second. 5. The Secretary of the Treasury and the Secretary of Commerce, in consultation with the Secretary of State, are hereby authorized to take such action, including the promulgation of rules and regulations, and to use all powers granted to the chair by the 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 United States departments and executive agencies will take all appropriate action within their authority to implement this order.

Second. 6. (a) Nothing in this Order shall be construed as compromising or otherwise affecting:

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

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

(b) This order will be enforced in accordance with applicable law and subject to the availability of funds.

(c) This order is not intended to create 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, officers, employees , or agents, or any other person.

JOSEPH R. BIDEN JR.

THE WHITE HOUSE,

March 11, 2022.