; termination (a) Implementation The President may exercise all authorities provided to the President under sections 203 and 205 of the International Emergency Economic Powers Act ( 50 U.S.C. 1702 and 1704) to carry out this subtitle. (b) Penalties A person that violates, attempts to violate, conspires to violate, or causes a violation of section 304 or 305, or any regulation, license, or order issued to carry out such sections, shall be subject to the penalties set forth in subsections (b) and (c) of section 206 of the International Emergency Economic Powers Act ( 50 U.S.C. 1705 ) to the same extent as a person that commits an unlawful act described in subsection (a) of that section. (c) Termination (1) In general The President may terminate the application of a sanction under section 304 or section 305(a)(2) if the President submits to Congress a determination that officers, employees, and agents of the Government of Russia no longer engage in the conduct described in section 304(a)(2) . (2) Waiver The President may, on or after the date on which the President submits the determination described in paragraph (1) , waive the prohibition imposed pursuant to section 305(a)(1) with respect to Russian sovereign debt (as defined in such section) issued on or after such date if the President concurrently submits to Congress a notification that includes a justification of the basis for waiving such prohibition. 307. Enhanced military activities to deter Russian aggression (a) NATO exercises The Secretary of Defense, in consultation with appropriate officials of other countries in the North Atlantic Treaty Organization (NATO), shall seek opportunities to conduct more NATO naval exercises in the Baltic and Black Seas, as well as in the northern Atlantic Ocean, to defend the seas around Europe and deter Russian aggression in those regions. (b) Joint research projects The Secretary of Defense, in coordination with the Secretary of State, may conduct joint research projects with NATO allies pursuant to the authorities under