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Biden will allow to seize the assets of Russian businessmen in favor of Ukraine

The United States also proposed to introduce criminal liability for receiving income “directly from corrupt deals with the Russian government”

Joseph Biden

US President Joseph Biden will propose the approval of a comprehensive package of laws that provide for the use of confiscated assets of Russian businessmen to provide assistance Ukraine. This was reported on the website of the White House.

In developing these proposals, the Biden administration consulted with the Treasury, the Justice Department, the State Department, and the US Department of Commerce. The US Presidential Administration looks forward to working with members of Congress to implement these proposals.

To simplify the process of seizing the assets of Russian oligarchs, expanding the assets subject to seizure and flowing income to Ukraine, it is proposed:

• create a simplified administrative process involving the US Department of the Treasury and the US Department of Justice for the confiscation of property in the United States belonging to Russian oligarchs under sanctions; ;.

The Department of Justice and the US Department of the Treasury will also work to use funds seized in connection with corruption, sanctions and export control violations, and other offenses to cover damage from the military operation in Ukraine.

The White House noted that under current law, the United States can confiscate proceeds from sanctions violations, but cannot confiscate property used by Russian businessmen to evade sanctions. The new package of laws fills this gap.

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The report also refers to the use of the possibilities of foreign partners to freeze and confiscate the funds of Russian oligarchs.

Earlier, the US House of Representatives passed a law allowing seized Russian assets to be used to support Ukraine. The bill was supported by 417 congressmen, eight opposed.

The total value of the seized assets is estimated at $2 million or more, and they include the property of Russian energy companies. These funds were proposed to be used not only for the restoration of Ukraine, but also for “assistance in the development of the Russian people, including in the field of democracy.”

US Secretary of State Anthony Blinken said that the US authorities are considering the possibility of transferring frozen assets of the Central Bank of Russia in the US.

In mid-April, US national security adviser Jake Sullivan announced that the US authorities would not return the frozen assets of Russian businessmen. “Our goal is to make better use of them,” — he explained.

The Kremlin said that Russian entrepreneurs, whose property was confiscated in the United States due to sanctions, were robbed, “like in the Wild West.”

Dozens fell under US sanctions Russian businessmen, including Alisher Usmanov, founder of USM Holdings, head of Transneft; Nikolai Tokarev, the main owners of the bank “Northern Sea Route” (SMP Bank) Boris and Arkady Rotenberg.

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Источник rbc.ru