Home News War in Ukraine: Joe Biden suggests transferring the proceeds of seized Russian...

War in Ukraine: Joe Biden suggests transferring the proceeds of seized Russian assets to kyiv


To face the Russian invasion, Ukraine can count on the support of the United States. This Thursday, April 28, the White House offered to use the assets seized from Russian oligarchs to compensate for the damage suffered by the country of Volodymyr Zelensky.

In a press release, the American executive suggests transferring the proceeds of the liquidation of these assets to kyiv in order to repair the “damage” caused by “Russian aggression”.

Moscow requires its gas buyers to make payments in rubles.

According to the White House, the countries of the European Union have to date seized more than 30 billion dollars (about 28.5 billion euros) of Russian assets, of which nearly 7 billion (6.66 billion euros) in luxury goods belonging to the oligarchs, such as yachts, helicopters, works of art or real estate.

For its part, the United States has “sanctioned and blocked ships and planes worth more than a billion, as well as freezing hundreds of millions of dollars of assets of Russian elites in American accounts”.

New military aid promised

In addition, Spain recently granted a US request to seize a superyacht owned by Russian billionaire Viktor Vekselberg, an ally of President Vladimir Putin. The value of the boat is estimated at 90 million dollars (85.60 million euros).

In parallel with this proposal formulated by Joe Biden and his team, the United States has promised new military aid to kyiv. The country has already supplied more than 3 billion dollars (2.85 billion euros) in weapons to Ukraine since February 24, when the Russian invasion began.

The White House is now seeking sufficient funding from Congress to be able to extend that assistance through October.