Sec. 601. Imposition of additional sanctions with respect to the Russian Federation
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Part 2 of subtitle A of title II of the Countering America's Adversaries Through Sanctions Act ( 22 U.S.C. 9521 et seq.) is amended— by redesignating sections 235, 236, 237, and 238 as sections 239A, 239B, 239D, and 239E, respectively; and by inserting after section 234 the following: On and after the date that is 180 days after the date of the enactment of the Defending American Security from Kremlin Aggression Act of 2018 , the President shall impose the sanctions described in section 224(b) with respect to— political figures, oligarchs, and other persons that facilitate illicit and corrupt activities, directly or indirectly, on behalf of the President of the Russian Federation, Vladimir Putin, and persons acting for or on behalf of such political figures, oligarchs, and persons;
Russian parastatal entities that facilitate illicit and corrupt activities, directly or indirectly, on behalf of the President of the Russian Federation, Vladimir Putin; family members of persons described in paragraph
(1)or
(2)that derive significant benefits from such illicit and corrupt activities; and persons, including financial institutions, engaging in significant transactions with persons described in paragraph (1), (2), or (3). On and after the date that is 180 days after the date of the enactment of the Defending American Security from Kremlin Aggression Act of 2018 , the President shall impose five or more of the sanctions described in section 239A with respect to a person if the Secretary of the Treasury determines that the person knowingly, on or after such date of enactment, invests in an energy project outside of the Russian Federation— that is supported by a Russian parastatal entity or an entity owned or controlled by the Government of the Russian Federation; and the total value of which exceeds or is reasonably expected to exceed $250,000,000. The President shall impose five or more of the sanctions described in section 239A with respect to a person if the President determines that the person knowingly, on or after the date of the enactment of the Defending American Security from Kremlin Aggression Act of 2018 , sells, leases, or provides to the Russian Federation goods, services, technology, financing, or support described in subsection (b)— any of which has a fair market value of $1,000,000 or more; or that, during a 12-month period, have an aggregate fair market value of $5,000,000 or more. Goods, services, technology, financing, or support described in this subsection are goods, services, technology, financing or support that could directly and significantly contribute to the Russian Federation’s— ability to develop crude oil resources located in the Russian Federation; or production of crude oil resources in the Russian Federation, including any direct and significant assistance with respect to the construction, modernization, or repair of infrastructure that would facilitate the development of crude oil resources located in the Russian Federation. The requirement to impose sanctions under subsection
(a)shall not apply with respect to the maintenance of projects that are ongoing as of the date of the enactment of the Defending American Security from Kremlin Aggression Act of 2018 . Not later than 90 days after the date of enactment of the Defending American Security from Kremlin Aggression Act of 2018 , the Secretary of State, in consultation with the Secretary of the Treasury and the Secretary of Energy, shall issue regulations— clarifying how the exception under subsection
(c)will be applied; and listing specific goods, services, technology, financing, and support covered by subsection (b). Not later than 90 days after the date of the enactment of the Defending American Security from Kremlin Aggression Act of 2018 , the President shall— prescribe regulations prohibiting United States persons from engaging in transactions with, providing financing for, or in any other way dealing in Russian sovereign debt issued on or after the date that is 180 days after such date of enactment; and exercise 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 one or more of the Russian financial institutions specified in subsection
(b)if such property and interests in property are in the United States, come within the United States, or are or come within the possession or control of a United States person. The Russian financial institutions specified in this subsection are the following: Vnesheconombank. Sberbank. VTB Bank. Gazprombank. Bank of Moscow. Rosselkhozbank. Promsvyazbank. Vnesheconombank. In this section, the term Russian sovereign debt means— bonds issued by the Central Bank, the National Wealth Fund, or the Federal Treasury of the Russian Federation, or agents or affiliates of any of those entities, with a maturity of more than 14 days; foreign exchange swap agreements with the Central Bank, the National Wealth Fund, or the Federal Treasury of the Russian Federation with a duration of more than 14 days; and any other financial instrument, the duration or maturity of which is more than 14 days, that— the President determines represents the sovereign debt of the Government of the Russian Federation; or is issued by a Russian financial institution specified in subsection (b). On and after the date that is 60 days after the date of the enactment of the Defending American Security from Kremlin Aggression Act of 2018 , the President shall impose five or more of the sanctions described in section 239A with respect to any person, including any financial institution, that the President determines— engages in significant transactions with any person in the Russian Federation that has the capacity or ability to support or facilitate malicious cyber activities; or is owned or controlled by, or acts or purports to act for or on behalf of, directly or indirectly, a person that engages in significant transactions described in paragraph (1). . Section 239A(a) of the Countering America's Adversaries Through Sanctions Act, as redesignated by subsection (a)(1), is amended in the matter preceding paragraph
(1)by striking or 233(a) each place it appears and inserting 233(a), 236, 237, or 239 . Section 239B(c) of the Countering America's Adversaries Through Sanctions Act, as redesignated by subsection (a)(1), is amended by striking or 234 and inserting 234, 235, 236, 237, 238, or 239 . Part 2 of subtitle A of title II of the Countering America's Adversaries Through Sanctions Act ( 22 U.S.C. 9521 et seq.) is amended by inserting after section 239A, as redesignated by subsection (a)(1), the following: The President may exercise all authorities provided to the President under sections 203 and 205 of the International Emergency Economic Powers Act ( 50 U.S.C. 1702 and 1704) to carry out this part. A person that violates, attempts to violate, conspires to violate, or causes a violation of this part or any regulation, license, or order issued to carry out this part 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 table of contents for the Countering America's Adversaries Through Sanctions Act is amended by striking the items relating to sections 235 through 238 and inserting the following: Sec. 235. Sanctions with respect to transactions with certain Russian political figures and oligarchs. Sec. 236. Sanctions with respect to transactions related to investments in energy projects supported by Russian state-owned or parastatal entities outside of the Russian Federation. Sec. 237. Sanctions with respect to support for the development of crude oil resources in the Russian Federation. Sec. 238. Prohibition on and sanctions with respect to transactions relating to new sovereign debt of the Russian Federation. Sec. 239. Sanctions with respect to transactions with the cyber sector of the Russian Federation. Sec. 239A. Sanctions described. Sec. 239B. Exceptions, waiver, and termination. Sec. 239C. Implementation and penalties. Sec. 239D. Exception relating to activities of the National Aeronautics and Space Administration. Sec. 239E. Rule of construction. . Part 2 of subtitle A of title II of the Countering America's Adversaries Through Sanctions Act ( 22 U.S.C. 9521 et seq.), as amended by this section, is further amended— in section 231, by striking subsection (e); and by striking section 235 each place it appears and inserting section 239A . The President shall, in a prompt and timely way, publish guidance on the implementation of this subtitle and the amendments made by this subtitle and any regulations prescribed pursuant to this subtitle or any such amendment.
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Sec. 601
Imposition of additional sanctions with respect to the Russian Federation
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