The Daily Times Newspaper

Biden Wants to Give Frozen Russian Assets to Ukraine

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US President Joe Biden wants to give frozen assets of Russian oligarchs to Ukraine. The government can then use the money in Kyiv to repair damage caused by the Russian invasion.

 

The proposal is part of a larger package of measures the United States wants to take to punish Moscow for its invasion of Ukraine. Biden will also ask Congress for more money to support Ukraine.

More than $3 billion (almost $2.9 billion) in military aid has been pledged since the war began.

The US and European allies have seized some $30 billion in assets since the start of the war. In addition to money, it also concerns yachts, real estate, and art.

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