The US Department of Justice proposes to Congress to transfer the seized assets of the Russian Federation for the recovery of Ukraine

Published by
Peter Kavinsky

The transfer to Ukraine of the confiscated assets and the proceeds from their sale will greatly facilitate the process of repairing the damage caused by the Russian war.

The proposal was made Tuesday during a hearing in the US Senate Judiciary Committee by the director of the KleptoCapture Department of Justice working group, Andrew Adams, a Ukrinform correspondent reported.

“This proposal will better enable the United States to use the seized funds to repair damage to Ukraine caused by the Russian war of aggression,” a senior US Department of Justice official said in the proposals.

According to him, regulations usually require that seized assets be used specifically to compensate victims. crimesand for law enforcement purposes.

Also read: Kuleba: We discuss two big topics – the Tribunal for the Russian Federation and compensation for losses

Adams stressed that this proposal will thus enable the US Department of Justice and the US Treasury Department to work together. However, the US government representative went further and granting such powers requires changes to several laws governing the use of seized funds in the US.

As reported by Ukrinform, a similar idea is discussed in the government of Ukraine. In particular, the possibility of using the confiscated Russian assets of the International Reserve Bank (formerly Sberbank) and Prominvestbank (FIO) to restore housing for Ukrainians destroyed as a result of hostilities is under consideration.

Peter Kavinsky

Peter Kavinsky is the Executive Editor at

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