US Senators have prepared a bipartisan bill to repurpose funds obtained from confiscating Russian assets. It is expected to send them to the fund for helping Ukrainian refugees and Ukraine’s reconstruction, the portal Axios reports.
Senators Michael Bennet (Democratic Party) and Rob Portman (Republican Party) launched such an initiative. The bill was dubbed the "Relief for Ukraine Act." It is proposed to transfer the management of the fund to the State Department and the US Agency for International Development.
"Right now, Ukraine is experiencing the worst refugee crisis since World War Two. One way to help is to move from freezing the assets of Russian oligarchs and wealthy citizens to seizing their assets, and providing that funding to people of Ukraine," Portman said.
"Our bill ensures that funds from the seized assets go directly to the Ukrainian people to support them through many difficult years ahead of resettlement, reconstruction and recovery," Bennet added.
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