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Seized Russian Assets to Fund Ukrainian Refugee Aid

This act aims to redirect funds from the sale of seized luxury assets belonging to Russian oligarchs to assist Ukrainian citizens who have become refugees. These funds will be used to support their safety, health, resettlement, and the reconstruction of Ukraine, directly improving the living conditions of those affected by the conflict.
Key points
Proceeds from seized Russian assets will be deposited into a dedicated Ukrainian Relief Fund.
The fund will support Ukrainian refugees with security, health, well-being, and resettlement.
Some funds will be allocated for the reconstruction of Ukraine in areas no longer controlled by Russia.
Authorities will regularly report to Congress on seized assets and fund utilization.
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Additional Information
Print number: 117_S_3936
Sponsor: Sen. Bennet, Michael F. [D-CO]
Process start date: 2022-03-28