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Biden wants to use assets seized from individuals associated with Russia to help Ukraine

Biden wants to use assets seized from individuals associated with Russia to help Ukraine

U.S. President Joseph Biden has decided to ask for approval of a package of laws that will help the administration use the confiscated assets of individuals associated with Russia to provide assistance to Ukraine, the White House stated.

Biden’s proposals, in particular, involve the use of confiscated assets of sanctioned individuals to fund aid to Ukraine. The White House said the Department of State, the Department of Justice and the Department of the Treasury will jointly decide on the use of forfeited funds “related to corruption, sanctions and export control violations, and other specified offenses.”

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