Transferring Seized Russian Assets to Fund Ukrainian Humanitarian and Security Aid.
This law establishes a dedicated fund using liquidated Russian assets, including Central Bank reserves, to provide extensive aid to Ukraine. The funds will support Ukrainian refugees, finance the rebuilding of damaged infrastructure, and supply security assistance to the Ukrainian government. While not directly impacting U.S. citizens' finances, it formalizes the process of using frozen foreign assets for international relief efforts.
Key points
All Russian assets seized by the U.S., including Central Bank reserves, will be liquidated and deposited into the new Ukrainian Humanitarian Aid Fund.
The money will finance humanitarian relief for refugees, infrastructure rebuilding, and security assistance for Ukraine.
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