Legislative initiatives will provide an additional opportunity for U.S. authorities to transfer Russia’s confiscated assets to Ukraine.
US President Joe Biden has proposed to adopt a package of laws that would help the use of confiscated assets of individuals associated with the Russian Federation to provide assistance to Ukraine. This was announced by the White House on Thursday, April 28th.
It was reported that the president will “send proposals for a comprehensive package of laws that will provide additional opportunities to U.S. authorities to ensure that Russian authorities and Russian oligarchs are held accountable” for the situation in Ukraine.
The laws, in particular, provide for the use of confiscated property by sanctioned individuals to finance assistance to Ukraine.
It noted that the State Department, the Department of Justice and the U.S. Treasury Department will jointly decide on the use of fixed assets “in connection with corruption, sanctions violations and export control measures, as well as in relation to of a number. of other violations. “
In addition, the White House believes the proposal would allow the United States to create “a more flexible administrative process with the participation of the Treasury and the Ministry of Justice for the confiscation in the United States of oligarchs’ property. Russia has fallen under the sanctions. “
According to media reports, Biden will make a new statement in Ukraine today.
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Source: korrespondent
