President shall impose the sanctions described in 
paragraph (1) or (2) of section 351 with respect to 
each foreign person identified on the list. 
(c) MANDATORY IMPOSITION OF SANCTIONS WITH 
RESPECT TO TRANSACTIONS WITH SANCTIONED RUSSIAN 
FEDERATION FINANCIAL INSTITUTIONS.— 
(1) IN GENERAL.—The President shall impose 
one or both of the sanctions described in paragraphs 
(1) and (2) of section 351 with respect to a foreign 
financial institution that, on or after the date that 
is 30 days after sanctions are imposed under sub-
section (a) or (b), knowingly engages in a significant 
financial transaction with any financial institution 
subject to sanctions imposed under subsection (a) or 
(b). 
(2) WIND DOWN PERIOD FOR THE IMPOSITION 
OF
SECONDARY
SANCTIONS.—The President may 
delay the imposition of sanctions under paragraph 
(1) with respect to a financial institution for not 
more than 30 days if the President determines it is 
necessary to enable non-Russian persons acting in 
good faith to wind down business subject to sanc-
tions under this section. 
(d) CONGRESSIONAL DISAPPROVAL OF WAIVERS.— 
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(1) JOINT RESOLUTION OF DISAPPROVAL DE-
FINED.—In this subsection, the term ‘‘joint resolu-
tion of disapproval’’ means a joint resolution the sole 
matter after the resolving clause of which is the fol-
lowing: ‘‘Congress disapproves of the waiver under 
section 353(b) of the Never Yielding Europe’s Terri-
tory (NYET) Act of 2022 with respect to sanctions 
imposed under section 323 of that Act relating to 
lll.’’, with the blank space being filled with a 
short description of the matter to which the waiver 
relates. 
(2) TERMINATION OF WAIVER.—The issuance 
of a waiver under section 353(b) with respect to 
sanctions imposed under this section shall have no 
force or effect after the date of the enactment of a 
joint resolution of disapproval. 
(3) INTRODUCTION.—A joint resolution of dis-
approval may be introduced at any time after the 
issuance of a waiver described in paragraph (2)— 
(A) in the House of Representatives, by 
the majority leader or the minority leader; and 
(B) in the Senate, by the majority leader 
(or the majority leader’s designee) or the mi-
nority leader (or the minority leader’s des-
ignee). 
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(4) EXPEDITED PROCEDURES.—The procedures 
set forth in paragraphs (4), (5), and (6) of section 
216(c) of the Countering America’s Adversaries 
Through Sanctions Act (22 U.S.C. 9511(c)) shall 
apply with respect to a joint resolution of dis-
approval under this subsection to the same extent 
and in the same manner as such procedures apply 
with respect to a joint resolution under that section, 
except that a joint resolution of disapproval under 
this subsection shall, in the Senate, be referred to 
the Committee on Foreign Relations. 
(5) RULES
OF
HOUSE
OF
REPRESENTATIVES 
AND SENATE.—This subsection is enacted by Con-
gress— 
(A) as an exercise of the rulemaking power 
of the Senate and the House of Representa-
tives, respectively, and as such is deemed a part 
of the rules of each House, respectively, and su-
persedes other rules only to the extent that it 
is inconsistent with such rules; and 
(B) with full recognition of the constitu-
tional right of either House to change the rules 
(so far as relating to the procedure of that 
House) at any time, in the same manner, and 
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to the same extent as in the case of any other 
rule of that House. 
SEC. 324. IMPOSITION OF SANCTIONS WITH RESPECT TO 
RUSSIAN 
OLIGARCHS 
AND 
MEMBERS 
OF 
PUTIN’S INNER CIRCLE. 
Upon making an affirmative determination under 
section 321 and not later than 60 days following such a 
determination, the President shall impose the sanctions 
described in section 351 with respect to not fewer than 
15 foreign persons— 
(1) that the President determines— 
(A) are listed in the classified annex sub-
mitted to Congress with the report required by 
section 241 of the Countering America’s Adver-
saries Through Sanctions Act (Public Law 
115–44; 131 Stat. 922); or 
(B) would be included in that annex, if 
that report were submitted on the date of the 
determination; and 
(2) with respect to which the President deter-
mines sanctions should be imposed in the interest of 
the national security of the United States. 
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SEC. 325. IMPOSITION OF SANCTIONS WITH RESPECT TO 
OFFICIALS OF THE GOVERNMENT OF THE 
RUSSIAN FEDERATION RELATING TO OPER-
ATIONS IN UKRAINE. 
(a) IN GENERAL.—Upon making an affirmative de-
termination under section 321 and not later than 60 days 
following such a determination, the President shall impose 
the sanctions described in section 351 with respect to each 
of the officials specified in subsection (b). 
(b) OFFICIALS SPECIFIED.—The officials specified in 
this subsection are the following: 
(1) The President of the Russian Federation. 
(2) The Prime Minister of the Russian Federa-
tion. 
(3) The Foreign Minister of the Russian Fed-
eration. 
(4) The Minister of Defense of the Russian 
Federation. 
(5) The Chief of the General Staff of the 
Armed Forces of the Russian Federation. 
(6) The Commander-in-Chief of the Land 
Forces of the Russian Federation. 
(7) The Commander-in-Chief of the Aerospace 
Forces of the Russian Federation. 
(8) The Commander of the Airborne Forces of 
the Russian Federation. 
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