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The US Senate plans to use the confiscated funds from Russia to support Ukraine
Two U.S. senators are drafting a bill that would use property confiscated as part of sanctions against Russia and its citizens to help Ukraine and its post-war reconstruction.
Michael Bennetta Democratic senator from Colorado, and Rob Portman, a Republican senator from Ohio, are drafting a RELEIF for Ukraine Act.
According to this law, the funds received from the confiscation of assets from Russia to be directed to a fund “for the protection, health and welfare of refugees and the reconstruction of Ukraine in areas not under the control of the Russian Federation.”
Politicians are proposing that the fund be run by the State Department and USAID, the United States Agency for International Development.
