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ARTICLE · 19 APRIL 2021

Biden Administration Imposes Sanctions On Russian Federation

Hogan Lovells Cadwalader
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President Joseph R. Biden signed an Executive Order ("EO") blocking all property and interests in property of any person determined to have engaged in "specified harmful foreign activities"

United StatesInternational Law
James Treanor
James Treanor
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President Joseph R. Biden signed an Executive Order ("EO") blocking all property and interests in property of any person determined to have engaged in "specified harmful foreign activities" on behalf of the Government of the Russian Federation.

The EO provides that the Secretary of the Treasury, in consultation with the Secretary of State, may sanction, among others, the following persons:

  • any person operating in the technology or defense sectors of the Russian Federation;
  • a current or former official of the Government of the Russian Federation;
  • a political subdivision, agency or instrumentality of the Government of the Russian Federation;
  • a spouse or adult child of any person whose property and interests in property are blocked pursuant to this EO; and

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