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According to the Russian Satellite News Agency reported on the 16th, according to a bill proposed by the US senator, the US government can confiscate and sell any Russian who is sanctioned by the Us side, or assets owned by people associated with the Kremlin, as long as its value exceeds 2 million US dollars. The bill also seeks to provide cash rewards to whistleblowers who provide information about relevant assets.
On Tuesday, the bill, introduced by a bipartisan panel of senators, would authorize the federal government to confiscate millions of dollars in assets from sanctioned Russians or others to raise money for military aid from Ukraine.
The bill, known as the Ukraine Reconstruction Asset Seizure Act, was co-sponsored by senators belonging to the Republicans and Democrats. Senator Roger Wick, from the Republican Party, claimed: "Any harsh punishment for Putin's unwarranted attacks on Ukraine requires the confiscation of illegal funds from Russian oligarchs." ”
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The U.S. senator from Mississippi argues that the proposed legislation would directly affect Russia's "ruling class," providing the U.S. Department of Justice with "more room for action to quickly prevent Russian oligarchs from liquidating assets."
According to the draft bill, the funds derived from the sale of confiscated assets will be used directly for "post-conflict reconstruction of Ukraine" and related planning, such as "humanitarian assistance", military assistance to the Kiev army, refugee resettlement work, and "technology and services that ensure the free flow of information to the Ukrainian people".
U.S. Senator Graham tweeted: "Congress must work with the Department of Justice in a timely manner to update our laws in a timely manner and grant new powers to hold the bad guys accountable." ”
The draft also proposes to authorize the U.S. Treasury Department to administer cash incentives that would be awarded to whistleblowers who provide "information that could result in the confiscation of funds or other property of sanctioned Russians or foreigners." The proposed bill details that "foreigners" are defined as foreign (non-U.S.) individuals subject to U.S. sanctions "based on reliable information whose wealth comes in part from corruption or political support related to The regime of Russian President Vladimir Putin."
In addition, under the Act, although the funds are intended for use in Ukraine-related matters, the President of the United States will have the power to impose additional terms and conditions on the confiscation, sale or eventual transfer of assets.
(Editor: WDQ)