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The House of Representatives approved the arrest of frozen assets of the Russian Federation

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The law would allow up to $8 billion of seized Russian assets to be transferred to Ukraine, which could be used for restitution.

The US House of Representatives, the lower house of Congress, approved the transfer of Russian fixed assets to Ukraine. This was announced during the broadcast of the vote in the House of Representatives on Saturday, April 20.

The document states that no later than 90 days after its adoption, the US President must submit a report to Congress identifying each individual and legal entity subject to EU and UK sanctions.

The law would allow the transfer of up to $8 billion of seized Russian assets to Ukraine.

The document also includes other US security priorities, including sanctions against Iran and measures that could lead to a nationwide ban on TikTok.

The bill must now be approved by the Senate and signed by President Joe Biden.

Prime Minister Denis Shmigal responded to the congressmen’s decision on Telegram.

“We will receive an important resource for victory and restoration. I urge other countries where Russian assets are stored to follow this example,” he wrote and thanked the US Congress.

Let’s recall that the foreign ministers of the G7 countries approved a statement following the meeting on the island of Capri in Italy. The issue of the transfer of Russian assets to Ukraine was postponed until June at the request of the leaders of the G7 countries.

Earlier, US Treasury Secretary Janet Yellen said that the United States, along with other G7 countries, is exploring several options for transferring frozen Russian assets to Ukraine . We are talking about 300 billion dollars.

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Source: korrespondent

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