Biden’s administration is backing legislation that would let it seize some of $300 billion in frozen Russian assets
The administration welcomes “in principle” a bill that would allow it to confiscate the funds, according to a November memo from the National Security Council to the Senate Foreign Relations Committee.
“The bill would provide the authority needed for the Executive branch to seize Russian sovereign assets for the benefit of Ukraine,”
The National Security Council declined to comment, as did the office of Ben Cardin, chairman of the Senate Foreign Relations Committee.
“Alongside our G-7 partners, we are exploring all options consistent with our respective legal systems and international law to aid Ukraine in obtaining compensation from Russia,” the State Department said in a statement.
Bloomberg 10 January 2024
Oligarkerna, EU och Magna Charta
Seizing Russia’s Central Bank Funds Is Illegal and Unwise
Breaking international law is the wrong way to help Ukraine.
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