Prohibition on energy exports to, and investments in energy sector of, the Russian Federation

(a) Prohibition on exports (1) In general Not later than 15 days after a covered determination is made, the Secretary of Commerce shall prohibit, under the Export Control Reform Act of 2018 (50 U.S.C. 4801 et seq.), the export, reexport, or in-country transfer to or in the Russian Federation of any energy or energy product produced in the United States. (2) Definitions In this subsection, the terms export, in-country transfer, and reexport have the meanings given those terms in section 1742 of the Export Control Reform Act of 2018 (50 U.S.C. 4801). (b) Prohibition on investments On and after the date on which a covered determination is made, a United States person may not make an investment in the energy sector of the Russian Federation. (c) Sanctions The President shall— (1) impose the sanctions described in section 5(c) with respect to any foreign person that the President determines knowingly sells, supplies, transfers, markets, or provides goods, services, technology, information, or other support that facilitates the maintenance or expansion of the production of oil, uranium, natural gas, petroleum, petroleum products, or petrochemical products for use by any person subject to sanctions under section 5 or 6; and (2) prohibit any United States person from engaging in any transaction with a person described in paragraph (1).