PEACE Act of 2025

The PEACE Act of 2025 requires the U.S. Treasury to impose financial restrictions on foreign banks that provide significant services to Russian energy entities, including Gazprom, Rosneft, and Lukoil, or other entities designated under existing sanctions. It mandates Treasury to block U.S. correspondent accounts for such institutions within 180 days of enactment, with civil penalties up to $377,700 per violation or criminal penalties for intentional violations. The law also requires Treasury to determine within 90 days whether the specified Russian energy companies fall under the sanctions scope. The bill terminates automatically if Russia ceases destabilizing actions against Ukraine or after 5 years from enactment.