State Department determined to enable confiscation of Russia’s frozen assets in US, — Blinken

Secretary of State Antony Blinken in Ukraine. Photo: Antony Blinken/X

Secretary of State Antony Blinken confirms the US will proceed with finding a way to use Russian frozen assets for Ukraine’s needs.

This was reported by the official X account of State Department on May 19.

“Congress has given us the power to seize Russian assets in the U.S., and we intend to use it. We are working with G7 partners to see that Russia’s immobilized sovereign assets are used to remedy the damage Putin continues to cause in Ukraine,” reads the statement on X.

The statement reiterates the one Blinken delivered during a speech to students at the Kyiv Polytechnic Institute on May 14.

“What Putin destroyed, Russia should – must – pay to rebuild. It’s what international law demands. And it’s what the Ukrainian people deserve,” State Secretary said there.

In April, together with a $60 billion military aid package, Congress passed a bill allowing to establish a mechanism for confiscation of Russian assets immobilised in the US.

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