President Obama notified Congress on Thursday that he would continue the national emergency due to the risk of nuclear proliferation created by the Russian Federation stockpiling a large volume of weapons and fissile material.
Obama originally declared the national emergency on June 25, 2012, under Executive Order 13617, stating the stockpiling of weapons by the Russian Federation caused an "unusual and extraordinary threat to the national security and foreign policy of the United States."
"Full implementation of the agreement between the government of the United States of America and the government of the Russian Federation concerning the disposition of highly enriched uranium extracted from nuclear weapons, dated February 18, 1993, and related contracts and agreements, referred to as the HEU Agreements, is essential to the attainment of U.S. national security and foreign policy goals," Obama said.
The assets of the Russian Federation would be subject to attachment, decree, judgement, lien, execution, garnishment, or other judicial processes, jeopardizing the implementation of the HEU Agreements due to its foreign policy and effects to U.S. national security.
"In order to ensure the preservation and proper and complete transfer to the Government of the Russian Federation of all payments due to it under the HEU Agreements, in Executive Order 13617 I ordered the blocking of all property and interests in property of the Government of the Russian Federation directly related to the implementation of the HEU Agreements and declared any attachment, judgment, decree, lien, execution, garnishment, or other judicial process with respect to such blocked property to be null and void, unless licensed or authorized pursuant to Executive Order 13617 or Executive Order 13159 of June 21, 2000," Obama said.
Obama said the risk posed to national and foreign policy of the United States is still present. In accordance with section 202(d) of the National Emergencies Act (50 U.S.C. 1622(d)), the national emergency will be extended for one year, declared with respect to Executive Order 13617.