Executive Order 14114: Latest Sanctions Against Russia
Amendments to Executive Order 14068
President Biden has signed Executive Order 14114, which amends Executive Order 14068 and expands the authority of the Office of Foreign Assets Control (OFAC) to sanction foreign financial institutions (FFIs) that facilitate transactions with Russian entities.
Key Provisions
The key provisions of Executive Order 14114 include:
- Amends Executive Order 14068: Strikes subsection a(i) of section 1 and inserts a new provision that expands the authority of OFAC to sanction FFIs that facilitate transactions with Russian entities.
- Expands OFAC's Authority: Grants OFAC the authority to impose sanctions on FFIs that knowingly or intentionally facilitate transactions that support or contribute to the Government of Russia's malicious cyber activities or activities that undermine cybersecurity.
Conclusion
Executive Order 14114 is a significant expansion of the United States' санкции against Russia. It demonstrates the Biden administration's continued commitment to holding Russia accountable for its actions and protecting the United States from Russian aggression.
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