Categories: WORLD

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.”

DETAILS TO FOLLOW

© 2022, paradox. All rights reserved.

paradox

Share
Published by
paradox

Recent Posts

Putin removes Shoigu as Russian Defense Minister

President Vladimir Putin has proposed that Sergei Shoigu be replaced as Minister of Defense of…

6 hours ago

Ukrainian government warns citizens of possible full mobilization

The entire Ukrainian society would need to make sacrifices and forget about their peaceful lives…

24 hours ago

PM Mishustin announces shake-up of Russian government

Russian Prime Minister Mikhail Mishustin on Saturday unveiled his first picks for the new cabinet,…

1 day ago

Ukraine shells cafe in Russia’s Donetsk (VIDEO)

One person was killed and at least four others wounded in a Ukrainian rocket strike…

2 days ago

Poke the bear and find out: Here’s why the West should finally listen to Russia’s warnings

We have been through an intense, if muffled crisis in the ongoing political-military confrontation between…

2 days ago

Russia launches new offensive – Kiev

Ukrainian President Vladimir Zelensky claimed on Friday that Russian forces have launched a new large-scale…

2 days ago