This legislation aims to achieve a peaceful resolution to the Russia-Ukraine conflict by imposing new financial sanctions. It requires the Secretary of the Treasury, within 180 days, to prohibit or impose strict conditions on the opening or maintaining of correspondent or payable-through accounts in the United States by foreign financial institutions. These sanctions apply to institutions that knowingly provide significant financial services to foreign persons already designated under existing Russia-related sanctions, specific financial institutions under Executive Order 14024 directives, or any foreign person operating in the Russian Federation's energy sector . The bill also mandates the Treasury Secretary to determine within 90 days whether Gazprom, Rosneft, and Lukoil fall under the energy sector designation. The President may waive these requirements for 180 days if it serves the national interest or helps resolve the national emergency, provided Congress is informed. The Act will terminate either 30 days after Russia ceases destabilizing activities in Ukraine or after five years, whichever occurs first.