Imposition of sanctions with respect to other entities owned by or affiliated with the Government of the Russian Federation

(a) In general Not later than 15 days after making a covered determination, and every 90 days thereafter, the Secretary of the Treasury shall impose the sanctions described in subsection (b) with respect to any entity that— (1) the Government of the Russian Federation has an ownership interest in; or (2) is otherwise affiliated with the Government of the Russian Federation. (b) Blocking of property (1) In general The President shall exercise all of the powers granted to the President under the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) to the extent necessary to block and prohibit all transactions in property and interests in property of an entity described in subsection (a) if such property and interests in property are in the United States, come within the United States, or are or come within the possession or control of a United States person. (2) Inapplicability of national emergency requirement The requirements of section 202 of the International Emergency Economic Powers Act (50 U.S.C. 1701) shall not apply for purposes of this section.