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National Security
Congress Wants To Seize Money From Russian Elites, Send Information technology to Ukraine
New neb would target oligarchs backing Putin's war machine
• March 10, 2022 5:00 am
Legislation set to be introduced on Thursday would use assets seized from Russian and Belarusian oligarchs to fund U.S. humanitarian aid to Ukraine, lawmakers' latest endeavor to penalize wealthy elites who support Moscow's armed forces.
The beak from Rep. Tim Burchett (R., Tenn.) seeks to offset the price of U.S. humanitarian assistance projects past targeting the wealthy elites who support and assist Russian president Vladimir Putin as he continues his bloody invasion of Ukraine, according to a copy of the legislation obtained past the Washington Free Beacon. The neb would make all assets seized from Russia and Republic of belarus available to the federal government.
"There would non exist a humanitarian crisis in Ukraine if Vladimir Putin had refrained from starting this war," Burchett told the Free Beacon. "Russia is responsible for its army'south vile attacks on evacuation convoys, hospitals, and apartment buildings that are causing enormous suffering amidst innocent Ukrainians. The oligarchs who profit off of Putin's murderous regime should exist the ones who pay for humanitarian aid to Ukraine, not American citizens who are burdened past inflated gas prices."
As Western sanctions, including an unprecedented ban on the import of Russian oil, seek to cripple Russian federation's economy, lawmakers are now looking to target the wealthiest citizens who are profiting from the state of war and giving Putin cover. Burchett's nib follows similar deportment by European countries that have seized holding, including yachts and other loftier-price items, from Russian and Belarusian elites.
Dubbed the Confiscating Decadent Criminal Proceeds Act, Burchett's pecker would apply ceremonious asset forfeiture avenues to target oligarchs already sanctioned by the Usa as a event of Moscow'due south war try. These seized assets would then be channeled toward humanitarian programs operated by the U.S. Agency for International Development, which is running aid missions inside Ukraine.
Burchett's nib is likely to attract the support of both Republicans and Democrats who desire the United States to take a tougher arroyo to sanctions that go beyond the ones currently imposed.
The Treasury Department last calendar week "intensified pressure on Russia past sanctioning numerous Russian elites and their family members," according to a statement.
Those sanctioned include Alisher Burkhanovich Usmanov, ane of Moscow'southward wealthiest businessmen, and Nikolay Petrovich Tokarev, a longtime Putin marry who served with him in the Soviet KGB. The White Firm described the new sanctions equally targeting an "expansive listing of Putin'south cronies and their family members." Already, Usmanov has had his superyacht seized, as well every bit his private jet.
At least 19 Russian oligarchs and 47 of their family members and close associates have been hit with U.Due south. sanctions since the war began, and more than are likely to be added in the coming days and weeks.
The oligarchs targeted past these sanctions "continue to provide straight and indirect support to the Government of the Russia through their business organization empires, wealth, and other resources," according to the Treasury Section. Family members of these elites were included in the sanctions, besides every bit businesses operated past these individuals.
The European Union too is stepping up its sanctions on Russian and Belarusian elites. The European Committee announced this week that it is banning three Belarusian banks from the international financial system and adding several more oligarchs to the EU blacklist.
Source: https://freebeacon.com/national-security/congress-wants-to-seize-money-from-russian-elites-send-it-to-ukraine/
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