The White House said U.S. President Joe Biden has signed an executive order that bans investment and trade between U.S. persons and the self-proclaimed Donetsk and Luhansk People’s Republics, whose independence was recognized by Russia on Monday.

Biden’s order calls for a ban on “new investments” by a U.S. citizen, wherever located, and “the importation into the United States, directly or indirectly, of any goods, services, or technology from these regions.”

The United States is coordinating with allies and will announce new sanctions against Russia on Tuesday after Moscow recognized the independence of the DNR and LNR, U.S. officials said Monday.