Senate approves amendment to transfer seized Russian assets to pele of Ukraine

The amendment was passed by voice vote on Thursday, Ukrinform reports with reference to CNN.

“This amendment would allow the Department of Justice through the Secretary of State to transfer proceeds from seized igarch’s assets or other sanctioned entities to the pele of Ukraine,” Senator Graham said.

He noted that it will be “a god send to the long suffering pele of the Ukraine. It will be a relief to the American taxpayer… It will be a bad day for igarchs.”

The amendment will enter into force if the US fiscal year 2023 spending legislation is passed.

As reported, the House of Representatives and the Senate are considering 2023 draft spending legislation. At the same time, lawmakers may also pass a $45 billion large-scale assistance package to Ukraine and the allies.