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

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

(Reuters) – US Senate Democratic leader Chuck Schumer said on Sunday that he would join a $33 billion Ukraine aid package to allow the United States to seize the assets of Russian oligarchs and send money directly to Ukraine from their sale. Will add provision.

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

President Joe Biden asked Congress on Thursday to approve $33 billion in aid for Kyiv, marking a dramatic increase of US funding for Ukraine more than two months after Russia’s invasion.

Schumer said the Biden administration had asked lawmakers to insert provisions in the aid bill to help confiscate assets, destroy them and send money to Ukraine. The US House of Representatives on Wednesday signaled its support for giving the administration more power to target oligarchs profiting from their collaboration with Russian President Vladimir Putin, approving the non-binding law.

$33 billion in funding for Ukraine, which lawmakers have said they want to approve quickly, will be used to provide arms, ammunition and other military aid, as well as direct economic and humanitarian aid to Ukraine Will be done.

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