Sec. 4. Prohibition on United States persons from purchasing, selling, or otherwise dealing in Russian sovereign debt
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Not later than 30 days after the date of the enactment of this Act, the President shall issue regulations to prohibit United States persons from purchasing, selling, or otherwise dealing in Russian sovereign debt that is issued or executed on or after the date that is 60 days after such date of enactment. In this section, the term Russian sovereign debt means— bonds issued by the Central Bank of the Russian Federation, the Russian National Wealth Fund, the Russian Federal Treasury, or agents, instrumentalities, or affiliates of such institutions, regardless of the currency in which they are denominated and with a maturity of more than 14 days; foreign exchange swap agreements with the Central Bank of the Russian Federation, the Russian National Wealth Fund, or the Russian Federal Treasury, regardless of the currency in which they are denominated and with a duration of more than 14 days; and any other financial instrument, the maturity or duration of which is more than 14 days, that the President determines represents the sovereign debt of Russia.
The President shall publish guidance on the implementation of the regulations issued pursuant to subsection
(a)concurrently with the publication of such regulations.