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US House Passes Bill to Give "Frozen" Russian Assets to Ukraine
The US House of Representatives passed legislation on Saturday to transfer frozen Russian sovereign assets to Ukraine and ban TikTok unless it severs ties to its Chinese parent company. | House lawmakers passed the bill, dubbed the 21st Century Peace through Strength Act, in a vote of 360 in favor and 58 opposed. ● The legislation allows the executive branch to transfer frozen Russian sovereign assets to Ukraine, sanctions Iran, disrupts the ability of Palestinian organization Hamas to fund terrorism and sanctions entities involved in international fentanyl trafficking.
💬 Christine Lagarde says US plan to raise debt against Russian assets carries legal risk (Financial Times) | “Moving from freezing the assets, to confiscating them, to disposing of them is something that needs to be looked at very carefully,” Lagarde said, warning it could entail “breaking the international order that you want to protect; that you would want Russia to respect”. ■ Legal risks loom over proposal to transfer frozen Russian assets to Ukraine, warns ECB chief (Yahoo)
■ IMF warns about confiscating Russian assets (RT.com)
■ US House approves 89 billion euros aid package for Ukraine, Israel and Taiwan (EuroNews)
■ US House advances $95 billion Ukraine-Israel package toward Saturday vote (Euractiv)
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