Seizing Azerbaijani Assets to Compensate Artsakh Displaced Persons for Lost Revenue.
This Act mandates sanctions against Azerbaijan, requiring the US President to block and seize Azerbaijani sovereign assets held in the United States. These seized funds will establish the Artsakh Revenue Recovery Fund, designed to compensate Armenians forcibly displaced from Artsakh for lost income from jobs, businesses, and property. The law also includes visa restrictions for senior Azerbaijani officials and their immediate families.
Key points
The US government will seize Azerbaijani state assets in the US to create a compensation fund for displaced Armenians.
Displaced individuals residing in the US or Armenia can file claims for lost revenue from employment or property since September 2023.
Sanctions, including asset seizure and visa bans, will remain until a peace agreement is concluded and all verified compensation claims are fully paid.
Status:
Expired
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