Categories: Business

Russian oligarchs to be targeted in U.S. aid package for Ukraine, Schumer says By Reuters

[ad_1]

© Reuters. FILE PHOTO – U.S. Senate Majority Leader Chuck Schumer (D-NY) speaks during a news conference about legislative efforts to lower gas prices, on Capitol Hill in Washington, U.S., April 28, 2022. REUTERS/Elizabeth Frantz

(Reuters) -U.S. Senate Democratic leader Chuck Schumer said on Sunday he will add provisions to a $33 billion Ukraine aid package to allow the United States to seize Russian oligarchs’ assets and send money from their sale directly to Ukraine.

“Ukraine needs all the help it can get and, at the same time, we need all the assets we can put together to give Ukraine the aid it needs,” Schumer said at a media briefing in New York City.

President Joe Biden asked Congress to approve $33 billion in assistance for Kyiv on Thursday in what would mark a dramatic escalation of U.S. funding for Ukraine more than two months after it was invaded by Russia.

Schumer said the Biden administration had asked lawmakers to insert provisions into the aid bill to help it seize assets, liquidate them and send Ukraine the money. The U.S. House of Representatives signaled its support for giving the administration more power to target oligarchs profiting from their association with Russian President Vladimir Putin when it approved non-binding legislation on Wednesday.

The $33 billion in funding for Ukraine, which lawmakers have said they want to approve quickly, would be used to provide weapons, ammunition and other military assistance, as well as direct economic and humanitarian aid to Ukraine.

[ad_2]
Source link
Admin

Recent Posts

Kijangwin is the latest online video gaming provider

Kijangwin is your brand-new go-to destination for all things internet gaming. Whether you're an informal…

2 days ago

How to Style Trendy Clothes Effortlessly

Hey there, fashion enthusiasts! Are you ready to dive into the world of trendy clothes…

3 days ago

How to effectively recover your frozen/stolen funds from fraudulent platforms

Hey there! If you're reading this, there's a good chance you've found yourself in the…

3 days ago

Important things about Core 2 . 0 regarding Hemp Users

Hey there, hemp enthusiasts! If you've been on the hunt for the next big thing…

5 days ago

Exploring the Features and Benefits of Strio

Hey there! Have you ever found yourself tangled up in the world of communication and…

1 week ago

The Importance of Pre-Sale Pest Control: Ensuring a Smooth Home Transaction

Are you worried that hidden critters might derail your home sale? Selling a house can…

1 week ago