Presidential Documents

Federal Register / Vol. 88, No. 246 / Tuesday, December 26, 2023 / Presidential Documents 89271 

Executive Order 14114 of December 22, 2023 

Taking Additional Steps With Respect to the Russian Federation’s Harmful Activities 

By the authority vested in me as President by the Constitution and the 

laws of the United States of America, including the International Emergency 

Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.), and section 301 of title 3, United 

States Code, 

I, JOSEPH R. BIDEN JR., President of the United States of America, in 

view of the Russian Federation’s continued use of its military-industrial 

base to aid its effort to undermine security in countries and regions important 

to United States national security, including its reliance on the international 

financial system for the procurement of dual-use and other critical items 

from third countries, and in order to take additional steps with respect 

to the national emergency declared in Executive Order 14024 of April 15, 

2021, expanded by Executive Order 14066 of March 8, 2022, and relied 

on for additional steps taken in Executive Order 14039 of August 20, 2021, 

Executive Order 14068 of March 11, 2022, and Executive Order 14071 of 

April 6, 2022, hereby order: 

Section 1. Amendments to Executive Order 14024. Executive Order 14024 

is hereby amended by redesignating section 11 of that order as section 

12 and adding a new section 11 to read as follows: 

‘‘Sec. 11. (a) The Secretary of the Treasury, in consultation with the Secretary 

of State, and with respect to subsection (a)(ii) of this section, in consultation 

with the Secretary of State and the Secretary of Commerce, is hereby authorized to impose on a foreign financial institution the sanctions described 

in subsection (b) of this section, upon determining that the foreign financial 

institution has: 

(i) conducted or facilitated any significant transaction or transactions for 

or on behalf of any person designated pursuant to section 1(a)(i) of this 

order for operating or having operated in the technology, defense and 

related materiel, construction, aerospace, or manufacturing sectors of the 

Russian Federation economy, or other such sectors as may be determined 

to support Russia’s military-industrial base by the Secretary of the Treasury, 

in consultation with the Secretary of State; or 

(ii) conducted or facilitated any significant transaction or transactions, 

or provided any service, involving Russia’s military-industrial base, including the sale, supply, or transfer, directly or indirectly, to the Russian 

Federation of any item or class of items as may be determined by the 

Secretary of the Treasury, in consultation with the Secretary of State 

and the Secretary of Commerce. 

(b) With respect to any foreign financial institution determined to meet 

the criteria set forth in subsection (a) of this section, the Secretary of the 

Treasury, in consultation with the Secretary of State, may: 

(i) prohibit the opening of, or prohibit or impose strict conditions on 

the maintenance of, correspondent accounts or payable-through accounts 

in the United States; or 

(ii) block all property and interests in property that are in the United 

States, that hereafter come within the United States, or that are or hereafter 

come within the possession or control of any United States person of 


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such foreign financial institution, and provide that such property and 

interests in property may not be transferred, paid, exported, withdrawn, 

or otherwise dealt in. 

(c) The prohibitions in subsection (b) of this section apply except to 

the extent provided by statutes, or in regulations, orders, directives, or 

licenses that may be issued pursuant to this order, and notwithstanding 

any contract entered into or any license or permit granted before the date 

of this order. 

(d) I hereby determine that the making of donations of the types of 

articles specified in section 203(b)(2) of IEEPA (50 U.S.C. 1702(b)(2)) by, 

to, or for the benefit of any person whose property and interests in property 

are blocked pursuant to subsection (b)(ii) of this section would seriously 

impair my ability to deal with the national emergency declared in this 

order, and I hereby prohibit such donations as provided by subsection 

(b)(ii) of this section. 

(e) The prohibitions in subsection (b)(ii) of this section include: 

(i) the making of any contribution or provision of funds, goods, or services 

by, to, or for the benefit of any person whose property and interests 

in property are blocked pursuant to subsection (b)(ii) of this section; 

and 

(ii) the receipt of any contribution or provision of funds, goods, or services 

from any such person. 

(f) For purposes of this section, the term ‘‘foreign financial institution’’ 

means any foreign entity that is engaged in the business of accepting deposits; 

making, granting, transferring, holding, or brokering loans or credits; purchasing or selling foreign exchange, securities, futures or options; or procuring purchasers and sellers thereof, as principal or agent. It includes 

depository institutions; banks; savings banks; money services businesses; 

operators of credit card systems; trust companies; insurance companies; 

securities brokers and dealers; futures and options brokers and dealers; 

forward contract and foreign exchange merchants; securities and commodities 

exchanges; clearing corporations; investment companies; employee benefit 

plans; dealers in precious metals, stones, or jewels; and holding companies, 

affiliates, or subsidiaries of any of the foregoing. The term does not include 

the international financial institutions identified in 22 U.S.C. 262r(c)(2), 

the International Fund for Agricultural Development, the North American 

Development Bank, or any other international financial institution so notified 

by the Office of Foreign Assets Control.’’. 

Sec. 2. Additional Amendments to Executive Order 14024. Executive Order 

14024 is hereby amended by striking section 7 and inserting, in lieu thereof, 

the following: 

‘‘Sec. 7. For those persons whose property and interests in property are 

blocked pursuant to this order who might have a constitutional presence 

in the United States, I find that because of the ability to transfer funds 

or other assets instantaneously, prior notice to such persons of measures 

to be taken pursuant to this order would render those measures ineffectual. 

I therefore determine that for these measures to be effective in addressing 

the national emergency declared in this order, there need be no prior notice 

of a listing or determination made pursuant to section 1 or section 11 

of this order.’’. 

Sec. 3. Amendments to Executive Order 14068. Executive Order 14068 is 

hereby amended as follows: 

(a) in section 1, by striking subsection (a)(i) and inserting, in lieu thereof, 

the following: 

(i) the importation and entry into the United States, including importation 

for admission into a foreign trade zone located in the United States, 

of: 

(A) the following products of Russian Federation origin: fish, seafood, 

and preparations thereof; alcoholic beverages; non-industrial diamonds; 


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and any other products of Russian Federation origin, as may be determined 

by the Secretary of the Treasury, in consultation with the Secretary of 

State and the Secretary of Commerce; 

(B) categories of any of the following products as may be determined 

by the Secretary of the Treasury, in consultation with the Secretary of 

State, the Secretary of Commerce, and the Secretary of Homeland Security, 

that were mined, extracted, produced, or manufactured wholly or in part 

in the Russian Federation, or harvested in waters under the jurisdiction 

of the Russian Federation or by Russia-flagged vessels, notwithstanding 

whether such products have been incorporated or substantially transformed 

into other products outside of the Russian Federation: fish, seafood, and 

preparations thereof; diamonds; and any other such products as may be 

determined by the Secretary of the Treasury, in consultation with the 

Secretary of State, the Secretary of Commerce, and the Secretary of Homeland Security; 

(C) products containing any of the products subject to the prohibitions 

of subsections (a)(i)(A)–(B) of this section, as may be determined by the 

Secretary of the Treasury, in consultation with the Secretary of State, 

the Secretary of Commerce, and the Secretary of Homeland Security; and 

(D) products subject to the prohibitions of subsections (a)(i)(A)–(C) of 

this section that transited through or were exported from or by the Russian 

Federation, as may be determined by the Secretary of the Treasury, in 

consultation with the Secretary of State, the Secretary of Commerce, and 

the Secretary of Homeland Security;’’; 

(b) in section 1, by adding new subsections (c)–(f) to read as follows: 

‘‘(c) The prohibitions in subsection (a)(i) of this section apply with respect 

to: 

(i) products subject to the prohibitions of subsection (a)(i)(A) of this section 

imported on or after the date of this order or the date specified in any 

determinations made pursuant to that subsection, unless otherwise specified or authorized; and 

(ii) products subject to the prohibitions of subsections (a)(i)(B)–(D) of 

this section imported on or after the date specified in any determinations 

made pursuant to those subsections, unless otherwise specified or authorized. 

(d) The Secretary of Homeland Security, with the concurrence of the 

Secretary of the Treasury, shall prescribe rules and regulations to collect, 

including through an authorized electronic data interchange system as appropriate, any documentation or information as may be necessary to enforce 

subsections (a)(i)(B)–(D) and (c) of this section as expeditiously as possible.’’; 

(c) in section 4, by striking ‘‘and’’ at the end of subsection 4(c), by 

striking the period at the end of subsection (d) and replacing it with ‘‘; 

and’’, and by inserting the following new subsection after subsection (d): 

‘‘(e) the term ‘‘diamond’’ includes any diamonds classifiable under subheadings 7102.10, 7102.31, and 7102.39 of the Harmonized Tariff Schedule 

of the United States and under any other subheadings of the Harmonized 

Tariff Schedule of the United States specified in determinations made pursuant to section (1)(a)(i) of this order.’’; and 

(d) by striking section 5 and inserting, in lieu thereof, the following: 

‘‘Sec. 5. The Secretary of the Treasury, the Secretary of Commerce, and 

the Secretary of Homeland Security, in consultation with the Secretary of 

State, are hereby authorized to take such actions, including the promulgation 

of rules and regulations, and to employ all powers granted to the President 

by IEEPA, as may be necessary to carry out the purposes of this order. 

The Secretary of the Treasury, the Secretary of Commerce, and the Secretary 

of Homeland Security may, consistent with applicable law, redelegate any 

of these functions within the Department of the Treasury, the Department 

of Commerce, and the Department of Homeland Security, respectively. All 


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executive departments and agencies of the United States shall take all appropriate measures within their authority to implement this order.’’. 

Sec. 4. General Provisions. (a) Nothing in this order shall be construed 

to impair or otherwise affect: 

(i) the authority granted by law to an executive department or agency, 

or the head thereof; or 

(ii) the functions of the Director of the Office of Management and Budget 

relating to budgetary, administrative, or legislative proposals. 

(b) This order shall be implemented consistent with applicable law and 

subject to the availability of appropriations. 

(c) This order is not intended to, and does not, create any right or benefit, 

substantive or procedural, enforceable at law or in equity by any party 

against the United States, its departments, agencies, or entities, its officers, 

employees, or agents, or any other persons. 

THE WHITE HOUSE, 

December 22, 2023. 

[FR Doc. 2023–28662 

Filed 12–22–23; 11:15 am] 

Billing code 3395–F4–P 


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