((a)) ** In general** The President shall impose five or more of the sanctions described in if the President determines that a person, with actual knowledge, on or after , makes an investment of $10,000,000 or more (or any combination of investments of not less than $1,000,000 each, which in the aggregate equals or exceeds $10,000,000 in any 12-month period), or facilitates such an investment, if the investment directly and significantly contributes to the ability of the Russian Federation to privatize state-owned assets in a manner that unjustly benefits—

((1)) officials of the Government of the Russian Federation; or

((2)) close associates or family members of those officials.

((b)) ** Application of new sanctions** The President may waive the initial application of sanctions under subsection (a) with respect to a person only if the President submits to the appropriate congressional committees—

((1)) a written determination that the waiver—

((A)) is in the vital national security interests of the United States; or

((B)) will further the enforcement of this chapter; and

((2)) a certification that the Government of the Russian Federation is taking steps to implement the Minsk Agreement to address the ongoing conflict in eastern Ukraine, signed in Minsk, Belarus, on , by the leaders of Ukraine, Russia, France, and Germany, the Minsk Protocol, which was agreed to on , and any successor agreements that are agreed to by the Government of Ukraine.