The proceeds from the confiscation of Russian assets will go to a fund to help Ukrainian refugees and restore Ukraine
The US House of Representatives passed a law that allows you to send arrested Russian assets to support Ukraine. The meeting was broadcast by C-SPEN.
The bill was supported by 417 congressmen, eight opposed.
The text of the document says that US President Joe Biden should “take all constitutional steps to arrest and the removal in the jurisdiction of the United States of the assets of foreigners whose funds were obtained in part through corruption. In particular, we are talking about the assets of foreigners received by the owners thanks to the support of the Russian authorities.
The total value of the seized assets is estimated at $2 million or more and includes the property of Russian energy companies. The authors of the bill proposed to use the proceeds from the sale of assets “to restore Ukraine, to provide military and humanitarian assistance to it, to assist Ukrainians in resettlement in other countries.”
In addition, they want to use the funds for “humanitarian assistance and development assistance to the Russian people, including in the field of democracy, human rights programs and their monitoring.”
National Security Adviser Jake Sullivan said in mid-April that the US authorities would not return the frozen assets of Russian businessmen. “Because we are seizing these assets, our goal is not to return them. Our goal is to make better use of them, — Sullivan said.
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Then he noted that the US administration was actively working to ensure that businessmen who fell under the sanctions could not return their expensive yachts and housing.
Press Secretary of the President of Russia Dmitry Peskov, in turn, stated that the “honest” Russian entrepreneurs whose property was confiscated due to sanctions were robbed “like in the Wild West.”
Dozens of Russian businessmen fell under US sanctions: for example, Alisher Usmanov, founder of USM Holdings, head of Transneft; Nikolai Tokarev, the main owners of the bank “Northern Sea Route” (SMP Bank) Boris and Arkady Rotenberg.
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