US Senate Democratic Leader Chuck Schumer said Sunday that he will add provisions to a $33 billion Ukraine aid package to allow the United States to seize the assets of Russian oligarchs and send the money from their sale directly to Ukraine.
Biden will ask for an additional 33 billion dollars to help Ukraine defend against the Russian invasion
“Ukraine needs all the help it can get, and at the same time, we need all the assets we can muster to give Ukraine the help it needs,” Schumer told a news conference in New York City.
President Joe Biden on Thursday asked Congress to approve $33 billion in assistance for kyiv in what would mark a dramatic escalation of US funding for Ukraine more than two months after it was invaded by Russia.
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Schumer said the Biden administration had asked lawmakers to insert provisions into the relief bill to help him seize assets, liquidate them and send the money to Ukraine. The US House of Representatives signaled its support for giving the administration more power to attack oligarchs who profit from its association with Russian President Vladimir Putin when it passed non-binding legislation on Wednesday.
The $33 billion in funding for Ukraine, which lawmakers have said they want to pass quickly, would be used to provide arms, ammunition and other military assistance, as well as direct economic and humanitarian aid to Ukraine.
— Information from Katharine Jackson