Biden to sign decree on sanctions, investment bans, trade with DPR, LPR

US President Joe Biden signed a decree on sanctions over Russia’s recognition of the sovereignty of the Lugansk and Donetsk People’s Republics (LPR and DPR). The document, among other things, establishes a ban for Americans to finance and invest in the DPR and LPR as well as on trade with the republics.

Biden’s executive order prohibits "new investment in the so-called DNR or LNR regions of Ukraine or such other regions of Ukraine as may be determined by the Secretary of the Treasury, in consultation with the Secretary of State (collectively, the "Covered Regions"), by a United States person, wherever located."