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US not planning to return seized Russian assets – Jake Sullivan

Washington is not planning to return the assets confiscated from Russian businessmen as part of the latest sanctions imposed on Moscow over the military operation in Ukraine, US National Security Advisor Jake Sullivan said on Thursday.

“Our goal is not to give them back,” Sullivan said at the Economic Club of Washington, adding that the US authorities would use the seized assets “in a better way.”

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“There are authorities we have, and there are further authorities that maybe we could develop, and that’s something we’re actively looking at,” the official added.

The White House has introduced several rounds of sanctions against Moscow since February 24, when Russia’s military operation in Ukraine began. As part of the penalties, the US authorities arrested Russian foreign assets along with those belonging to the country’s businesses and high-profile individuals.

READ MORE: Russia will respect private ownership unlike the West – Putin

Several US congressmen have already called for the sale or liquidation of Russian assets caught up in the sanctions campaign, stating that the proceeds should be used for the reconstruction of Ukraine.

Russian President Vladimir Putin said Moscow has no plans to nationalize foreign assets in Russia in response. “Unlike Western countries, we will respect property rights, he said.

For more stories on economy & finance visit RT’s business section

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