HEROIAM SLAVA Act of 2023

The HEROIAM SLAVA Act of 2023 requires the President to block all U.S. transactions involving assets of Russian government-owned entities 60 days after the bill becomes law, using existing sanctions authority under the International Emergency Economic Powers Act. It directly affects Russian state-owned entities operating within U.S. jurisdiction or involving U.S. persons. The bill explicitly excludes sanctions on the importation of physical goods (like manufactured products or supplies), clarifying that this exception covers tangible items but not other transactions. This policy change expands U.S. sanctions to target Russian state assets while maintaining access to physical goods imports.