A bill that would allow the use of Russian assets seized by Washington to fund aid to Ukrainian refugees and the post-war reconstruction of Ukraine is being introduced in the US Senate.
The RELIEF (Repurposing Elite Luxuries Into Emergency Funds) for Ukraine Act is being proposed by Colorado’s Democratic senator, Michael Bennet, and his Republican counterpart Rob Portman, of Ohio, the website Axios reported on Tuesday.
The legislation calls for Russian assets seized by the Department of Justice’s newly created Task Force KleptoCapture to be turned into a relief fund for Ukraine that would be managed by the State Department.
The unit was established in early March to oversee the implementation of the sanctions imposed by Washington on Moscow and “seize the assets of individuals and entities who violate these sanctions.” It will also target the American-held property of Russian businesspeople, such as jets, yachts, and real estate, that might have been obtained through criminal activity.
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