Sec. 203. Additional sanctions in the event of increased aggression by the Russian Federation toward Ukraine or other countries
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If the armed forces of the Russian Federation expand further into, or the Government of the Russian Federation annexes, the sovereign territory of Ukraine or any other country in Europe or Eurasia after the date of the enactment of this Act without the consent of the legally recognized government of that country— all of the sanctions described in subsection
(b)shall be imposed the following business day by action of law with respect to— any senior Russian official; any entity owned or controlled by a senior Russian official; and any close associate of a senior Russian official that provides significant support or resources to that senior Russian official; the sanctions described in subparagraphs
(A)and
(B)of subsection (b)(1) shall be imposed the following business day by action of law on— any entity— organized under the laws of the Russian Federation or any jurisdiction within the Russian Federation; that is owned, in whole or in part, or controlled by— the Government of the Russian Federation; any person with respect to which sanctions are imposed under section 202; any person with respect to which sanctions are imposed under paragraph (1); or any person with respect to which sanctions are imposed pursuant to an Executive order or any other provision of law in relation to violations of the territorial integrity and sovereignty of Ukraine beginning in February 2014; and that operates in the arms, defense, energy, financial services, metals, or mining sectors of the Russian Federation; and any senior executive of an entity described in subparagraph
(A)who is a citizen of the Russian Federation; and the President shall exercise all powers granted to the President pursuant to the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq. ) to the extent necessary to prohibit any transaction by a domestic financial institution with a Russian financial institution or with respect to an account held by a Russian financial institution, other than routine interest and service fees. The sanctions described in this subsection are the following: The exercise of all powers granted to the President by the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq. ) to the extent necessary to block and prohibit all transactions in all property and interests in property of a person determined by the President to be subject to subsection
(a)if such property and interests in property are in the United States, come within the United States, or come within the possession or control of a United States person. In the case of an alien determined by the President to be subject to subsection (a), denial of a visa to, and exclusion from the United States of, the alien, and revocation in accordance with section 221(i) of the Immigration and Nationality Act ( 8 U.S.C. 1201(i) ), of any visa or other documentation of the alien. A prohibition on the opening, and a prohibition or the imposition of strict conditions on the maintaining, in the United States of a correspondent account or a payable-through account by a foreign financial institution that the President determines has knowingly conducted, on or after the date of the enactment of this Act, transactions with a person determined by the President to be subject to subsection (a). A person that violates, attempts to violate, conspires to violate, or causes a violation of subparagraph
(A)or
(C)of paragraph
(1)or any regulation, license, or order issued to carry out either such subparagraph shall be subject to the penalties set forth in subsections
(b)and
(c)of section 206 of the International Emergency Economic Powers Act ( 50 U.S.C. 1705 ) to the same extent as a person that commits an unlawful act described in subsection
(a)of that section. The requirement to block and prohibit all transactions in all property and interests in property under paragraph (1)(A) shall not include the authority to impose sanctions on the importation of goods. In this paragraph, the term good has the meaning given that term in section 16 of the Export Administration Act of 1979 (50 U.S.C. App. 2415) (as continued in effect pursuant to the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq. )). Sanctions under paragraph (1)(B) shall not apply to an alien if admitting the alien into the United States is necessary to permit the United States to comply with the Agreement regarding the Headquarters of the United Nations, signed at Lake Success June 26, 1947, and entered into force November 21, 1947, between the United Nations and the United States, or other applicable international obligations. The President may waive the application of sanctions under subsection
(b)with respect to a person or transaction if the President— determines that such a waiver is in the vital national security interests of the United States; and on or before the date on which the waiver takes effect, submits a notice of and a justification for the waiver to— the Committee on Foreign Relations and the Committee on Banking, Housing, and Urban Affairs of the Senate; and the Committee on Foreign Affairs and the Committee on Financial Services of the House of Representatives. Not later than 7 days after the imposition of sanctions pursuant to subsection (a), the President shall publish a list of the persons with respect to which sanctions were imposed pursuant to that subsection. The President shall issue such regulations, licenses, and orders as are necessary to carry out this section.
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Sec. 203
Additional sanctions in the event of increased aggression by the Russian Federation toward Ukraine or other countries
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