"US Seizes Russian Oligarch Assets to Directly Support Ukraine"

[Asia Economy New York=Special Correspondent Joselgina] The U.S. Congress is reviewing a bill to seize the assets of Russian oligarchs and directly support Ukraine.

According to major foreign media, Chuck Schumer, the Senate Majority Leader of the ruling Democratic Party, stated in a press briefing on the 1st (local time) that when reviewing additional budget bills for supporting Ukraine, they will create provisions to seize the assets of Russian oligarchs to support Ukraine.

This follows President Joe Biden's earlier request for a budget of $33 billion (approximately 42.2 trillion won) to support Ukraine, which was invaded by Russia, along with a call to pass legislation strengthening judicial enforcement powers to freeze and seize the assets of Russian oligarchs.

The House of Representatives also passed a resolution overwhelmingly on the 27th of last month, a day before President Biden's speech, demanding similar measures from the administration.

Under current regulations, assets seized by the U.S. go into the Department of Justice's Asset Forfeiture Fund, primarily used for compensating crime victims and funding investigations. The plan is to create provisions to redirect these funds to support Ukraine.

According to White House data, European Union (EU) member countries have frozen over $30 billion in assets of Russian oligarchs, including ships, helicopters, and real estate. In contrast, the U.S. has frozen only about $1 billion in assets.

This content was produced with the assistance of AI translation services.