Notice 10371NoticeTrump 47 · R

Presidential Notice 10371

Continuation of the National Emergency and of the Emergency Authority Relating to the Regulation of the Anchorage and Movement of Russian-Affiliated Vessels to United States Ports

This notice extends for one year a national emergency declared in April 2022 that authorizes the Secretary of Homeland Security to regulate Russian-affiliated vessels' access to and movement within U.S. ports, citing ongoing threats to international relations from Russian government actions. The continuation is required under the National Emergencies Act and maintains existing maritime restrictions without expanding them.

Impact dates

  1. Continued national emergency expires unless extended again

Market exposure

Policy exposure mapping — not investment advice. Illustrative public companies are incomplete and not recommendations.

Mechanisms

Ban / prohibition

Role pressure

  • AdverseTrading-partner exporterRussian-affiliated vessels remain restricted from normal U.S. port access, limiting Russian shipping operators' revenue and market reach
  • MixedDomestic producerU.S. maritime and energy sectors see continued competitive protection from Russian shipping but may face higher costs if Russian-affiliated tonnage is excluded from certain routes

Geographies

Exposure dates

  • Continued national emergency expires unless extended again

Illustrative public companies

Curated watchlist matches by sector/role — incomplete; not a recommendation.

LNGCheniere EnergyCVXChevronCOPConocoPhillipsDACDanaosXOMExxon MobilGEVGE VernovaMATXMatsonSHELShellZTOZTO Express

Confidence: high · Policy alerts

Key directives

  • Continue national emergency with respect to Russian Federation for 1 year
  • Continue emergency authority for regulation of anchorage and movement of Russian-affiliated vessels
  • Publish notice in Federal Register
  • Transmit notice to Congress

Who is ordered

Timeline

Immediate

  • Continuation takes effect April 15, 2025
  • Existing vessel regulations remain in force

Near term (90d)

  • Annual congressional notification completed

Long term

  • Emergency authority remains in effect through April 15, 2026 unless terminated or extended again

Risks & tensions

  • Maintains status quo; no escalation or relaxation of maritime pressure on Russia
  • Congressional War Powers/NEA review mechanisms may attract limited oversight attention
  • Vague on whether any vessels have been newly designated or if enforcement intensity has changed
Presidential Notice 10371: Continuation of the National Emergency and of the Emergency Authority Relating to the Regulation of the Anchorage and Movement of Russian-Affiliated Vessels to United States Ports · Executive Orders