The adoption of the law may be the first step in the issue of confiscation of assets of the Central Bank of the Russian Federation by Washington.
A US Senate committee today, January 24, approved legislation that would help Washington confiscate Russian assets and transfer them to Ukraine. It was reported by Reuters.
The Senate Foreign Relations Committee supported “a bill to restore economic prosperity and opportunity for Ukrainians.”
The law could pave the way for the first confiscation in US history of the assets of a central bank of a country with which it is not at war. However, it needs to be passed by the Senate, House of Representatives and US President Joseph Biden.
Democratic Foreign Relations Committee chairman Senator Ben Cardin is confident the bill will become law. According to him, the document enjoys broad support from both Democrats and Republicans in the Senate and House of Representatives, as well as the Joe Biden administration.
The House Foreign Affairs Committee passed a similar bill, which also received overwhelming bipartisan support.
Let’s recall that the European Union has begun technical work on the implementation of proposals for the use of frozen assets of Russia in the interests of Ukraine.
Earlier, the media reported that the United States had started urgent negotiations on Russian assets. Joe Biden’s administration is pressing Britain, France, Germany, Italy, Canada and Japan to prepare a strategy for using the frozen currency before the second anniversary of Russia’s invasion of Ukraine.
Source: korrespondent
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.