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US Senate proposes quarterly transfer of frozen russian assets to Ukraine

A bipartisan group of US senators has introduced a bill that would oblige Washington to regularly transfer russian assets frozen in the US to Kyiv.

This was reported by the US Senate Committee on Foreign Relations.

According to the document, it is proposed to amend the laws signed by the 46th US President Joe Biden in 2024, which allow the US government to seize frozen russian assets and provide military assistance to Ukraine.

Lawmakers from both parties believe that the administration in Washington should begin transferring these funds to Kyiv every 90 days. It is expected that the US Secretary of State will allocate at least USD 250 million to Ukraine during this period.

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The bill also stipulates that the administration in Washington should "actively and consistently pursue diplomatic efforts to persuade" other countries to also begin using at least 5% of frozen russian assets in the interests of Ukraine.

According to American lawmakers, this should concern about USD 15 billion at the initial stage. Senators insist that other countries should also transfer funds to Kyiv at least once every 90 days.

In addition, senators want to oblige the US administration to submit a report on the volume of russian assets, including those frozen outside the United States.

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