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EO 14024Executive OrderBiden · D Quiet signal

Executive Order 14024

Blocking Property With Respect To Specified Harmful Foreign Activities of the Government of the Russian Federation

This executive order declares a national emergency and authorizes blocking property of persons involved in specified harmful Russian government activities, including election interference, malicious cyber activities, transnational corruption, and energy supply disruptions. It also suspends entry into the United States of noncitizens meeting certain criteria related to these activities.

Federal Register Open PDF 86 FR 20249

Impact dates

  1. Implementation procedures for entry restrictions to be established by Secretary of Homeland Security

  2. Implementation procedures for visa restrictions to be established by Secretary of State

  3. Recurring congressional reports on national emergency

Key directives

  • Block all property and interests in property of persons determined to meet criteria in section 1(a)-(c)
  • Suspend entry of noncitizens determined to meet section 1 criteria, with exceptions for national interest
  • Prohibit any contribution or provision of funds, goods, or services to or from blocked persons
  • Prohibit evasion, avoidance, or conspiracy to violate order prohibitions
  • Prohibit charitable donations of specified articles to blocked persons
  • Authorize Treasury to promulgate rules and regulations to carry out order
  • Submit recurring and final reports to Congress on national emergency

Who is ordered

Timeline

Immediate

  • Property blocking authority takes effect upon signing
  • Entry suspension for covered noncitizens takes effect
  • Prior notice requirement waived for listing determinations

Near term (90d)

  • Treasury/State consultations to determine specific sanctioned persons
  • Implementation procedures for visa and entry restrictions to be established

Long term

  • Ongoing property blocking and sanctions enforcement
  • Recurring congressional reports on national emergency
  • Potential expansion to other sectors of Russian economy by Treasury determination

Risks & tensions

  • Broad discretionary authority to Treasury/State to designate sectors and persons creates regulatory uncertainty
  • Potential for overreach or chilling effects on legitimate transactions due to expansive 'materially assisted' and 'owned or controlled' criteria
  • Energy supply disruption criterion (section 1(c)) could apply extraterritorially to non-US activities
  • Digital currency evasion language (section 1(a)(ii)(G)) reflects emerging regulatory tension but lacks specific implementation detail
  • No prior notice requirement (section 7) raises due process concerns for affected persons with constitutional presence in US
Executive Order 14024: Blocking Property With Respect To Specified Harmful Foreign Activities of the Government of the Russian Federation · Executive Orders