Washington Post: Senate backs plan to use money from seized Russian assets to aid Ukraine
The Senate unanimously backed a plan to use certain confiscated Russian assets to aid Ukraine in its war with Russia.
The United States and other countries targeted Russia and its oligarchs with a host of diplomatic and economic sanctions as punishment after it invaded its neighboring country in February.
But U.S. law limited how money from those assets could be used, according to lawmakers. The amendment, passed by a voice vote, is attached to the $1.7 trillion omnibus spending bill that passed the Senate 68-29 on Thursday.
The House is expected to pass the spending package, which will include the amendment, ahead of a Friday deadline to keep the government funded. President Biden supported using proceeds from seized Russian assets to help Ukraine and is expected to sign the spending package into law.
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Update #1: US Senate authorizes confiscation of Russian assets (RT)
Update #2: US Senate approves amendment to transfer seized assets of Russian oligarchs to Ukraine (Kyiv Independent)
WNU Editor: The vote was unanimous.
4 comments:
wow. that will russia mad
It'll make the whole world mad. Mad to scramble their reserves out of dollars.
Inherent to the job of controlling the world's reserve currency is being above this kind of "robin hood" thievery, and strictly keeping to the confines of international law no matter what the crisis of the moment is. If this is a conflict worth squandering global dollar supremacy on, then by all means- but I don't think most of the voting senators understand at all what the consequences of such action will be.
Theft is all that is.
Finally some common sense and economic justice
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