Federal Reserve Bank of New York

Imposing Sanctions on Foreign Persons Involved in the Global Illicit Drug Trade

This executive order declares a national emergency over international illicit drug trafficking, particularly fentanyl and synthetic opioids, and authorizes the Treasury Secretary to impose sanctions on foreign persons and entities involved in the global drug trade. It provides a broad framework for blocking assets, restricting financial transactions, and suspending entry into the United States for targeted individuals and their leadership.