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For Immediate Release
Office of the Press Secretary
June 13, 2001

Notice
Continuation of Emergency with Respect to Property of The
Russian Federation Relating to the Disposition of Highly
Enriched Uranium Extracted From Nuclear Weapons
on June 21, 2000, President Clinton Issued Executive Order 13159 (the
"order") Blocking Property and Interests in Property of the Government Of
the Russian Federation That Are in the United States, That Hereafter Come
Within the United States, Or That Are Or Hereinafter Come Within The
Possession Or Control of U.S. Persons That Are Directly Related to The
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
(collectively, the "heu Agreements"). the Heu Agreements Allow for The
Downblending of Highly Enriched Uranium Derived From Nuclear Weapons to Low
Enriched Uranium for Peaceful Commercial Purposes. the Order Invoked The
Authority, Inter Alia, of the International Emergency Economic Powers Act,
50 U.s.c. 1701 Et Seq., and Declared a National Emergency to Deal with The
Threat to the National Security and Foreign Policy of the United States
Posed by the Risk of Nuclear Proliferation Created by the Accumulation of A
Large Volume of Weapons-Usable Fissile Material in the Territory of the

Russian Federation.      A major national security goal of the United States is to ensure that fissile material removed from Russian nuclear weapons pursuant to various arms control and disarmament agreements is downblended to low enriched uranium for peaceful commercial uses, subject to transparency measures, and protected from diversion to activities of proliferation concern.      Pursuant to the HEU Agreements, weapons-grade uranium extracted from Russian nuclear weapons is converted to low enriched uranium for use as fuel in commercial nuclear reactors.  The Order blocks and protects from attachment, judgment, decree, lien, execution, garnishment, or other judicial process the property and interests in property of the Government of the Russian Federation that are directly related to the implemen-tation of the HEU Agreements and that are in the United States, that hereafter come within the United States, or that are or hereafter come within the possession or control of United States persons.      The national emergency declared on June 21, 2000, must continue beyond June 21, 2001, to provide continued protection from attachment, judgment, decree, lien, execution, garnishment, or other judicial process the property and interests in property of the Government of the Russian Federation that are directly related to the implementation of the HEU Agreements and subject to U.S. jurisdiction.  Therefore, in accordance with section 202(d) of the National Emergencies Act (50 U.S.C. 1622(d)), I am continuing the national emergency with respect to weapons-usable fissile material in the territory of the Russian Federation.  This notice shall be published in the Federal Register and transmitted to the Congress.

                              GEORGE W. BUSH THE WHITE HOUSE,     June 11, 2001.                                  # # #