U.S. Senators Propose Bill To Seize And Transfer Russian Assets To Ukraine

The Russian Central Bank. (Фотобанк Moscow-Live, https://flic.kr/p/SHytqQ; CC BY-NC-SA 2.0, https://creativecommons.org/licenses/by-nc-sa/2.0/) 

Kyiv Independent: FT: US senators to propose bill to seize and transfer Russian assets to Ukraine 

U.S. senators with bipartisan backing are reportedly planning to propose a bill that would allow President Joe Biden to seize and transfer Russian sovereign assets to Ukraine, the Financial Times (FT) reported on June 15. 

Western countries have frozen around $300 billion of Russia's Central Bank assets since the start of the full-scale invasion of Ukraine. 

The bill's proponents argue that since Russia bears the blame for the destruction and war crimes in Ukraine, it should also bear the financial costs of reparations. 

They also likely aim to alleviate the burden of Ukraine's support from U.S. taxpayers and allies.  

Read more ....  

Update #1: US senators launch bill to seize and transfer Russian assets to Ukraine (Financial Times)  

Update #2: US Lawmakers Introduce Bill to Give Russian Central Bank Assets to Ukraine (Antiwar.com)  

WNU Editor: Details on the U.S. bill is here .... McCaul, Risch, Kaptur, Whitehouse Reintroduce Legislation to Repurpose Sovereign Russian Assets for Ukraine (Foreign Affairs Committee).