Prohibiting Certain Imports and New Investments With Respect to Continued Russian Federation Efforts To Undermine the Sovereignty and Territorial Integrity of Ukraine

This executive order (EO 14066) expands the United States’ national emergency authorities to further penalize Russia for its war against Ukraine. Building on prior EOs (notably 14024 and 14039), it tightens sanctions by prohibiting imports of certain Russian-energy products into the U.S. and barring new U.S. investment in Russia’s energy sector, wherever located. It also extends the reach of U.S. sanctions to prohibit U.S. persons from authorizing, financing, facilitating, or guaranteeing foreign transactions that would be prohibited if done by a U.S. person. The order directs the U.S. Treasury, with input from the State Department, to implement these measures through rules and licenses, while preserving certain government and UN activities and avoiding the creation of private rights. In short, the EO aims to choke off Russia’s energy trade and investment flow, impose additional penalties for evasion, and give Treasury (with State) broad regulatory power to enforce the ban, subject to statutory and licensing exceptions.