ExecutiveOrdersEO
Notice 13660NoticeTrump 47 · R Quiet signal

Presidential Notice 13660

Continuation of the National Emergency With Respect to Ukraine

This notice continues for one year the national emergency with respect to Ukraine originally declared in Executive Order 13660 on March 6, 2014, and subsequently expanded by multiple executive orders through 2022. The continuation maintains existing sanctions and emergency authorities targeting Russian actions in Ukraine under the National Emergencies Act.

Federal Register Open PDF 91 FR 8355

Impact dates

  1. Continued national emergency expires unless further extended

Market exposure

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

Sectors

Oil & gasBanking & financeDefense primesOther industrial

Mechanisms

Ban / prohibitionLicensing

Role pressure

  • AdverseTrading-partner exporter — Russian energy and commodity exporters remain subject to IEEPA-based sanctions and trade restrictions
  • MixedDownstream manufacturer — Continued restrictions on Russian inputs (metals, energy, chemicals) sustain supply chain pressures and substitution incentives
  • ProtectiveDomestic producer — US energy and industrial producers benefit from reduced Russian competition in certain markets
  • AdverseImporter — Importers face continued compliance burdens and restricted access to Russian-origin goods and services

Geographies

USEUUKCN

Exposure dates

  • — Continued national emergency expires unless further extended

Illustrative public companies

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

MMM3MAAPLAppleBACBank of AmericaBLKBlackRockBABoeingCATCaterpillarLNGCheniere EnergyCVXChevronCOPConocoPhillipsXOMExxon MobilFCXFreeport-McMoRanGEVGE VernovaGDGeneral DynamicsGSGoldman SachsHONHoneywellHSBCHSBCJPMJPMorgan ChaseLMTLockheed MartinNOCNorthrop GrummanRTXRTXSHELShellSPYSPDR S&P 500 ETFTSLATesla

Confidence: high · Policy alerts

Key directives

  • Continue national emergency declared in EO 13660 for 1 year beyond March 6, 2026
  • Publish notice in Federal Register
  • Transmit notice to Congress

Timeline

Immediate

  • National emergency continues in effect; existing sanctions remain active
  • Notice published in Federal Register and transmitted to Congress

Near term (90d)

  • Annual continuation takes effect through February 2027 unless terminated earlier

Long term

  • Sustained legal basis for IEEPA-based sanctions through March 2027
  • Potential for further executive orders building on this emergency authority

Risks & tensions

  • Routine procedural continuation masks substantive sanctions architecture; low public attention despite significant economic restrictions
  • Maintains coercive economic tools amid evolving diplomatic landscape regarding Ukraine conflict
  • Congressional notification required but no congressional approval needed for continuation
Presidential Notice 13660: Continuation of the National Emergency With Respect to Ukraine · Executive Orders