View all text of Chapter 96 A [§ 8921 - § 8930]
§ 8924. Sanctions on Russian and other foreign financial institutions
(a) Facilitation of certain defense- and energy-related transactions
(b) Facilitation of financial transactions on behalf of specially designated nationals
(1) this chapter;
(2) Executive Order No. 13660 (79 Fed. Reg. 13,493), 13661 (79 Fed. Reg. 15,535), or 13662 (79 Fed. Reg. 16,169); or
(3) any other Executive order addressing the crisis in Ukraine.
(c) Sanction described
(d) National security waiver
The President may waive the application of sanctions under this section with respect to a foreign financial institution if the President—
(1) determines that the waiver is in the national security interest of the United States; and
(2) submits to the appropriate congressional committees a report on the determination and the reasons for the determination.
(e) Notification to Congress on imposition of sanctions
(f) Implementation; penalties
(1) Implementation
(2) Penalties
(g) Termination
(Pub. L. 113–272, § 5, Dec. 18, 2014, 128 Stat. 2958; Pub. L. 115–44, title II, §§ 226, 229(b), Aug. 2, 2017, 131 Stat. 910, 915.)