The United States, primarily through Presidential action under the statutory authority of the International Emergency Economic Powers Act (“IEEPA”), has empowered the U.S. Department of.
WASHINGTON The sanctions that U.S. officials have threatened to impose on Russia could cause that country severe inflation, a stock market crash and other forms of financial panic that would inflict pain on its people from billionaires to government officials to middle-class families, U.S. officials say.
The boldest measures that President Biden is threatening to deter an invasion of Ukraine could roil the entire Russian economy but also those of other nations.