; or (2) is knowingly owned or controlled by, or knowingly acts or purports to act for or on behalf of, directly or indirectly, a person that engages in significant transactions described in paragraph (1). 237. Sanctions with respect to transactions related to investments in Russian liquefied natural gas export facilities (a) In general On and after the date that is 180 days after the date of the enactment of the Defending American Security from Kremlin Aggression Act of 2019 , the President shall impose five or more of the sanctions described in section 239E with respect to a person if the President determines that the person knowingly, on or after such date of enactment, makes an investment described in subsection (b) in a liquefied natural gas export facility located outside of the Russian Federation. (b) Investment described An investment described in this subsection is an investment that— (1) directly and significantly contributes to the ability of the Russian Federation to construct liquefied natural gas export facilities outside of the Russian Federation; and (2) (A) has a fair market value of $1,000,000 or more; or (B) during a 12-month period, has an aggregate fair market value of $5,000,000 or more. 238. Prohibition on transactions relating to new sovereign debt of the Russian Federation (a) In general Not later than 60 days after the date of the enactment of the Defending American Security from Kremlin Aggression Act of 2019 , the President shall prescribe regulations prohibiting United States persons from engaging in transactions with, providing financing for, or otherwise dealing in, Russian sovereign debt issued on or after the date that is 90 days after such date of enactment. (b) Russian sovereign debt defined In this section, the term Russian sovereign debt means— (1) bonds issued by the Central Bank, the National Wealth Fund, or the Federal Treasury of the Russian Federation, or agents or affiliates of any of those entities, with a maturity of more than 14 days