Senate approves amendment to transfer seized Russian assets to people of Ukraine

Senate approves amendment to transfer seized Russian assets to people of Ukraine

The Senate passed Republican Sen. Lindsey Graham’s amendment related to seized Russian oligarch’s assets and transferring them to the people of Ukraine.

The amendment was passed by voice vote on Thursday, Ukrinform reports with reference to CNN.

“This amendment would allow the Department of Justice through the Secretary of State to transfer proceeds from seized oligarch’s assets or other sanctioned entities to the people of Ukraine,” Senator Graham said.

He noted that it will be “a god send to the long suffering people of the Ukraine. It will be a relief to the American taxpayer… It will be a bad day for oligarchs.”

The amendment will enter into force if the US fiscal year 2023 spending legislation is passed.

As reported, the House of Representatives and the Senate are considering 2023 draft spending legislation. At the same time, lawmakers may also pass a $45 billion large-scale assistance package to Ukraine and the allies.


Sign up for our free newsletter

Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2023 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: