Pursuant to Executive Order 14024, which specified harmful external activities of the government of the Russian Federation, in particular, efforts to undermine free and fair democratic elections and democratic institutions in the United States and its allies and partners, engage in and facilitate malicious cyber activities against the United States and its allies and partners, facilitate and use transnational corruption to influence foreign governments, conduct extraterritorial activities directed against dissidents or journalists, undermine security in countries and regions of critical to the national security of the United States and violate generally accepted principles of international law, including respect for the territorial integrity of States, constitute an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States, all property and interests in property "PROMINVESTBANK" located in the United States which have subsequently entered the United States, or which are or are hereafter in the possession or control of any person of the United States, are blocked and may not be transferred, paid for, exported, withdrawn or otherwise committed.
Program information
Authority
US
Program
Executive Order 13662 of March 20, 2014 Blocking Property of Additional Persons Contributing to the Situation in Ukraine
E.O. 13662. On March 20, 2014, the President, invoking the authority of, inter alia, IEEPA, issued E.O. 13662. In E.O. 13662, the President expanded the scope of the national emergency declared in E.O. 13660 and expanded by E.O. 13661, finding that the actions and policies of the Government of the Russian Federation, including its purported annexation of Crimea and its use of force in Ukraine, continue to undermine democratic processes and institutions in Ukraine; threaten its peace, security, stability, sovereignty, and territorial integrity; and contribute to the misappropriation of its assets, and thereby constitute an unusual and extraordinary threat to the national security and foreign policy of the United States.
Section 1(a) of E.O. 13662 blocks, with certain exceptions, all property and interests in property that are in the United States, that come within the United States, or that are or come within the possession or control of any United States person, of any person determined by the Secretary of the Treasury, in consultation with the Secretary of State to, among other things, operate in such sectors of the Russian Federation economy as may be determined by the Secretary of the Treasury, in consultation with the Secretary of State, such as financial services, energy, metals and mining, engineering, and defense and related materiel.
