22 USC 10805 - Prohibition on transfers of funds involving the Russian Federation

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

§ 10805.

Prohibition on transfers of funds involving the Russian Federation

(a)

In general

Except as provided by subsection (b), effective on the date that is 30 days after September 18, 2026, a depository institution (as defined in section 461(b)(1)(A) of title 12) or a broker or dealer in securities registered with the Securities and Exchange Commission under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) may not process transfers of funds—

(1)

to or from the Government of the Russian Federation, including any entity owned by the Government of the Russian Federation; or

(2)

for the direct or indirect benefit of officials of the Government of the Russian Federation.

(b)

Exception

(Pub. L. 119–111, div. A, title I, § 105, Sept. 18, 2026, 140 Stat. 1036.)

cite as: 22 USC 10805