The confiscation of frozen Russian assets was supported by the White House.
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US President Joe Biden’s administration has backed legislation that would allow about $300 billion to be confiscated. frozen Russian assets with their subsequent transfer to Ukraine. This was reported by Bloomberg with reference to documents from the National Security Council of the United States.
The bill would give the executive branch the powers necessary to confiscate Russian sovereign assets in favor of Ukraine, according to an NSC memorandum cited by journalists.
However, the publication writes that such a move raises concerns among American politicians because the confiscation of assets could “tarnish the reputation” of the US financial system. Therefore, the White House first wants to coordinate all these issues with its G7 allies in Europe. After all, it is in European countries that about $200 billion is saved. frozen Russian assets
One of the top American officials said that money from Russia’s frozen assets could be used to pay for the reconstruction of Ukraine, because this is one of the possible tools to compensate for the damage caused by Russia.
The World Bank estimates that at least $411 billion may be required to restore Ukraine after the war.
Let us remind you that President Vladimir Zelensky called for the transfer of about $300 billion to Ukraine. Russian frozen assets The head of state emphasized that Russia is indifferent to human lives, but it is the loss of assets that will be the most painful loss for a terrorist country.
Source: Bloomberg
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.