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Biden to ask Congress for new powers to seize Russian assets

US President Joe Biden will officially ask Congress later on Thursday to grant him the authority to seize the assets of wealthy individuals believed to have links to the Kremlin and use them to help Ukraine, the White House has revealed in a statement.

Biden is expected to propose a “comprehensive legislative package that will enhance the United States Government’s authority to hold the Russian government and Russian oligarchs accountable for President Putin’s war against Ukraine.” The measures would result in the “forfeiture of property linked to Russian kleptocracy,” allowing the US government to “use the proceeds to support Ukraine.”

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