The US is now allowed to seize Russian state assets. How would that work?
The big U.S. aid package for Ukraine and other allies that President Joe Biden signed Wednesday also allows the administration to seize Russian state assets located in the U.S. and use them for the benefit of Kyiv
By FATIMA HUSSEIN
Published - Apr 24, 2024, 04:12 PM ET
Last Updated - May 27, 2024, 01:08 AM EDT
WASHINGTON (AP) — The big U.S. aid package for Ukraine and other allies that President Joe Biden signed Wednesday also allows the administration to seize Russian state assets located in the U.S. and use them for the benefit of Kyiv.
But it's not likely the U.S. will seize the assets without agreement from other members of the Group of Seven nations and the European Union.
