Foreign policy and sanctions

Executive Order 14065: Blocking Property of Certain Persons and Prohibiting Certain Transactions With Respect to Continued Russian Efforts To Undermine the Sovereignty and Territorial Integrity of Ukraine

President: Joseph R. Biden Jr.

Expanded the Ukraine/Russia sanctions framework to cover persons operating in or supporting the self-declared Donetsk and Luhansk regions and prohibited new investment, trade and financing involving those areas.

Status: In effect.

Is Executive Order 14065 still in effect? Yes. Active within the Russia sanctions program.

What does Executive Order 14065 do?

Treasury administered the regional transaction restrictions and could designate supporting persons with State, subject to licenses and exceptions.

Administration position: The order’s findings and policy rationale were the Biden administration’s positions. This guide distinguishes them from implementation records and judicial rulings.
SignedFebruary 21, 2022
Lead officialsTreasury/OFAC, State, Commerce and financial institutions
Express timingEffective immediately, with licenses and wind-down periods issued by OFAC

Before and after

Before the order

Existing sanctions addressed Russia's 2014 actions in Crimea and other harmful foreign activities but not the newly recognized separatist regions in this form.

After the order

OFAC issued general licenses and designations, then integrated the order into the broader response to Russia's invasion. The national emergency and related sanctions program have been continued; territorial references and licenses have evolved with later actions.

Who had to do what

Agency / officeActionTiming / position
TreasuryBlock property and administer transaction prohibitionsOngoing
State and TreasuryDesignate supporting personsOngoing
US personsComply with investment and trade restrictionsImmediate, subject to licenses

What happened next

EO 14065 signed.

Authority remains part of the active Russia sanctions program.