22 USC 10803 - Imposition of sanctions with respect to financial institutions affiliated with the Government of the Russian Federation

U.S Code last checked for updates: Oct 21, 2026

§ 10803.

Imposition of sanctions with respect to financial institutions affiliated with the Government of the Russian Federation

(a)

Imposition of sanctions

(1)

In general

Not later than 30 days after September 18, 2026, the President shall—

(A)

impose 2 or more of the sanctions described in subsection (d) with respect to the Central Bank of the Russian Federation (Bank of Russia) and any subsidiary of, or successor entity to, that Bank;

(B)

impose all of the sanctions described in subsection (d) with respect to—

(i)

Sberbank;

(ii)

VTB Bank;

(iii)

Gazprombank;

(iv)

any other financial institution organized under the laws of the Russian Federation and owned in whole or in part by the Government of the Russian Federation;

(v)

any subsidiary of, or successor entity to, any of the financial institutions described in clauses (i) through (iv); and

(vi)

except as provided by subsection (c), any foreign financial institution that engages in significant transactions with any of the financial institutions described in clauses (i) through (v); and

(C)

impose the sanctions described in section 10802(e) of this title with respect to any leaders, officials, senior executive officers, or members of the board of directors of, or any principal shareholders with a controlling or majority interest in, a financial institution described in subparagraph (A) or (B).

(2)

Updates

Not later than 210 days after September 18, 2026, and every 180 days thereafter, the President shall—

(A)

review any persons that may be described in paragraph (1); and

(B)

if sanctions have not been imposed under this subsection with respect to any person the President determines is described in paragraph (1), impose such sanctions with respect to that person.

(b)

Prohibition on transactions by United States persons

(c)

Exception for certain financial institutions

(d)

Sanctions described

The sanctions described in this subsection to be imposed with respect to a financial institution described in subsection (a) are the following:

(1)

Blocking of property

(2)

CAATSA sanctions

(3)

Restrictions on correspondent and payable-through accounts

(e)

Rule of construction

(1)

Treatment of returns on immobilized Russian sovereign assets

(A)

In general

(B)

Exception for interest earned

(2)

Loans to Ukraine using immobilized Russian sovereign assets

Sanctions imposed under this section shall not apply with respect to payments on—

(A)

the loans provided by the United States and the Group of 7 or the European Union to Ukraine that are serviced and repaid with the proceeds of immobilized Russian sovereign assets; or

(B)

any loans from the United States or countries that are members of the Group of 7 or the European Union made after September 18, 2026, using proceeds from immobilized Russian sovereign assets.

(Pub. L. 119–111, div. A, title I, § 103, Sept. 18, 2026, 140 Stat. 1033.)

cite as: 22 USC 10803