Accelerating the Use of Frozen Russian Assets for Ukraine Aid.
This law formalizes and speeds up the process of using frozen Russian state assets to provide continuous financial support to Ukraine. It mandates that these funds be invested in interest-bearing US obligations, ensuring they generate returns, and requires the regular transfer of at least $250 million quarterly for Ukrainian assistance. This establishes a dedicated mechanism for funding foreign aid using the aggressor's assets.
Key points
Requires investing frozen Russian state assets in US bonds to generate interest for Ukraine's benefit.
Mandates quarterly disbursements of at least $250 million from the Ukraine Support Fund for assistance.
Strengthens US diplomatic efforts to persuade G7 and EU countries to also repurpose a portion of their frozen Russian assets for Ukraine.
Status:
Placed on Calendar
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