1. Short title This Act may be cited as the Russia and Belarus Financial Sanctions Act of 2023 . 2. Requirements (a) In general A United States financial institution shall take all actions necessary and available to cause any entity or person owned or controlled by the institution to comply with any provision of law described in subsection (b) to the same extent as required of a United States financial institution. (b) Provision of law described A provision of law described in this subsection is any prohibition or limitation described in a sanctions-related statute, regulation, or order applicable to a United States financial institution concerning the Russian Federation or the Republic of Belarus, involving— (1) the conduct of transactions; (2) the acceptance of deposits; (3) the making, granting, transferring, holding, or brokering of loans or credits; (4) the purchasing or selling of foreign exchange, securities, commodity futures, or options; (5) the procuring of purchasers and sellers described under paragraph (4) as principal or agent