Seizing Russian Assets for Ukraine Reconstruction and Compensation Fund.
This law authorizes the President to designate Russia as an "Aggressor State" and Belarus as an "Affiliated Aggressor State." The key change is the power to block, seize, and transfer the sovereign assets of these states located in the US to the US government. These funds will be used to establish an international or US fund dedicated to Ukraine's reconstruction and compensating affected Ukrainian individuals and entities.
Key points
The US will seize blocked sovereign assets of Russia and Belarus to fund Ukraine's reconstruction efforts.
International cooperation is mandated to establish a compensation tribunal for Ukrainians, paid for by the seized funds.
The Act sets a precedent for using frozen state assets for foreign policy goals and expires at the end of 2030.
Status:
Expired
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