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 cablefreetv.org

Recent Posts

  • News

Krasny Lyman, latest news on the situation on October 2, 2022

Krasny Lyman had to be left behind so that a large group would not be…

2 mins ago
  • News

England’s Charley Hull triumphs in Texas to end six-year wait for LPGA title

England's Charley Hull ended a six-year wait for a second LPGA Tour title on Sunday,…

4 mins ago
  • News

Great interest in Arda Güler before Beşiktaş Fenerbahçe match

Fenerbahceyoung football player Arda Guler, Besiktas He responded positively to the attention of the black…

5 mins ago
  • News

KPSS ÖABT questions and answers have been announced! 2022 KPSS Undergraduate ÖABT question booklet and answer key PDF

www.haberturk.com All rights of the articles, news, videos and photographs published on the website belong…

6 mins ago
  • News

Roy Keane laments Manchester United’s ‘extremely embarrassing’ performance

Click Here to Watch this Event Live Online for Free! Former Manchester United skipper Roy…

7 mins ago
  • News

Sunderland vs Blackpool Predictions and Betting Tips

Click Here to Watch this Event Live Online for Free! Sunderland Qill take on Blackpool…

8 mins ago