Economy

Biden wants to transfer confiscated assets from Russian oligarchs to Ukraine

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The US government proposed this Thursday (27) to use the assets confiscated from Russian oligarchs to compensate Ukraine for the damage caused by the invasion of Moscow troops in the country.

The liquidation of “kleptocratic” assets would make it possible to “transfer” to Kiev the profits generated to “remediate the damages [causados à Ucrânia] for the Russian invasion,” the White House said in a statement.

That proposal, a hardening of Washington’s stance on Moscow, will be accompanied by new military aid to Kiev that is expected to be announced on Thursday by President Joe Biden.

The US government has provided more than $3 billion in arms to Ukraine since the start of the Russian invasion on February 24. The White House is now looking to get enough funding from Congress to be able to extend that assistance through October.

European Union countries have so far confiscated more than US$30 billion (R$150.5 billion) in Russian assets, of which US$7 billion (R$35.1 billion) are luxury goods owned by oligarchs (yachts , artwork, real estate and helicopters), the White House said.

The US government “blocked ships and planes worth more than $1 billion, and froze hundreds of millions of Russian elite dollars in US accounts.”

Joe BidenKievleafRussiaUkraineVladimir PutinWar in Ukraine

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