Blocking Property With Respect to Certain Russian Energy Export Pipelines

Aug 24, 2021

Summary

Stops people and companies involved with specific Russian energy pipelines from using their money or property in the United States.

What problem does this solve?

The U.S. considers certain Russian energy pipelines a threat to its national interests and the security of its European allies. This order blocks the U.S. assets of foreign people and companies involved in these pipelines to stop their construction and operation.

What does this order do?

Blocks property and assets

Freezes all property and money in the U.S. belonging to foreign persons or companies identified as being involved with certain Russian energy pipelines.

Restricts visas and entry

Directs the government to deny visas and entry into the U.S. for individuals sanctioned under the Protecting Europe's Energy Security Act (PEESA).

Prohibits providing support

Forbids anyone from giving money, goods, or services to or for the benefit of any person or company whose property is blocked by this order.

Prevents getting around the rules

Makes it illegal to try to evade or avoid the order's prohibitions, or to conspire with others to violate them.

Allows for waivers

Clarifies that these sanctions do not apply to any foreign person who has been granted a specific waiver by the government.

Authorizes enforcement actions

Gives the Secretary of the Treasury, working with the Secretary of State, the power to create rules and take actions needed to carry out the order.

Who does this affect?

Foreign companies and individuals in the energy sector
The Government of the Russian Federation
U.S. persons and businesses

What is the real world impact?

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Protects U.S. national security interests

Addresses the national emergency declared due to Russia's harmful foreign activities by targeting its energy sector, which is a key source of its influence.

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Applies diplomatic pressure on Russia

Uses economic sanctions as a tool to discourage the completion and operation of energy pipelines that could increase Europe's dependence on Russian gas and undermine regional stability.

When does this start?

This order takes effect immediately as of August 20, 2021.