Executive Order to Impose Costs for President Putin’s Action to Recognize So-Called Donetsk and Luhansk People’s Republics
On Monday, February 21, 2022 President Biden signed an Executive Order (E.O.) to respond to President Putin’s action to purportedly recognize the so-called Donetsk and Luhansk People’s Republics (DNR and LNR) as “independent” states. President Putin’s action contradicts Russia’s commitments under the Minsk agreements, refutes Russia’s claimed commitment to diplomacy, and undermines Ukraine’s sovereignty and territorial integrity. This E.O. is distinct from the swift and severe economic measures we are prepared to issue with Allies and partners in response to a further Russian invasion of Ukraine. We are continuing to closely consult with Ukraine and with Allies and partners on next steps and urge Russia to immediately deescalate. Today’s E.O. prohibits: New investment in the so-called DNR or LNR regions of Ukraine by a United States person, wherever located; The importation into the United States, directly or indirectly, of any goods, services, or technology from the so-called DN...