Donald Trump signed an order that extends for another year the state of emergency declared by Joe Biden in 2021 due to Russia's "harmful foreign activities."
The document was set to expire on April 15. The sanctions, in particular, restricted operations with Russian state debt, allowed for asset blocking, and imposed secondary restrictions against foreign financial institutions cooperating with the Russian military-industrial complex.
Biden's Executive Order 14024 established a "state of emergency under which sanctions can be imposed against individuals and entities facilitating certain harmful foreign activities of the Russian Federation." Subsequently, the state of emergency was extended and expanded by other Biden orders, which were also extended by Trump.
"The harmful actions of the Government of the Russian Federation abroad, in particular, attempts to undermine the conduct of free and fair democratic elections and democratic institutions in the United States, as well as their allies and partners; involvement in harmful cyber activities; encouragement and use of transnational corruption to influence foreign governments; conducting extraterritorial activities targeting dissidents or journalists; undermining security in countries and regions important to the national security of the United States; violation of internationally recognized principles of international law, including respect for the territorial integrity of states, continue to pose an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States," the Trump order states.
At the end of February, Donald Trump extended the sanctions imposed in 2014 in connection with the annexation of Crimea and the recognition of the independence of the so-called "DPR" and "LPR."