White House throws support behind seizing frozen Russian assets

White House throws support behind seizing frozen Russian assets
# 11 January 2024 13:16 (UTC +04:00)

President Joe Biden’s administration is backing legislation that would let it seize some of $300 billion in frozen Russian assets to help pay for reconstruction of Ukraine, APA reports citing Bloomberg.

The administration welcomes “in principle” a bill that would allow it to confiscate the funds, according to a November memo from the National Security Council to the Senate Foreign Relations Committee.

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