The US Senate has greenlit legislation authorizing the administration of President Joe Biden to seize the American assets of Russian officials, businessmen and entities and send the proceeds to Ukraine. South Carolina Republican Senator Lindsey Graham said the change in the law would raise “billions of dollars” for Kiev.
The amendment was proposed by Graham and Rhode Island Senator Sheldon Whitehouse, a Democrat. It passed unanimously and was added to a $1.7 trillion omnibus spending package, which the Senate then passed by 68 votes to 29, comfortably clearing the 60-vote threshold necessary to advance the legislation.
The amendment changes US law to allow the Department of Justice to sell off the assets of “oligarchs…and other sanctioned entities,” Graham explained before the vote. “I expect over time billions of dollars in seized assets will be sent to help Ukraine,” the South Carolina lawmaker wrote on Twitter afterwards.
The Department of Justice has already called on Congress to amend US law so that money confiscated from sanctioned Russians can be given to Ukraine.
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