U.S. Keeps Russia on ‘National Threat’ List [View all]
Source: RIA Novosti
MOSCOW, August 17 (RIA Novosti)
U.S. President Barack Obama has extended a legal act that lists Russia, among 16 other states, as a national threat, and allows for the freezing and confiscation of assets in the United States.
The International Emergency Economic Powers Act (IEEPA) is a federal law authorizing the U.S. president to regulate commerce after declaring a national emergency in response to any unusual and extraordinary threat to the United States that stems from a foreign source.
It authorizes the president to block transactions and freeze assets to deal with the threat. In the event of an actual attack on the United States, the president can also confiscate property connected with a country, group, or person that aided in the attack.
Russia, alongside Syria, Iran, North Korea, Belarus and other states, has been subject to IEEPA since 2000 due to its ability to export weapons-grade uranium.