Politics

Sen. Schumer: Proceeds from the sale of Russian oligarchs’ belongings must go to Ukraine


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The United States need to seize and promote the yachts, mansions, and other belongings of Russian oligarchs, then ship the proceeds to Ukraine, Senate Majority Chief Chuck Schumer, D-N.Y., stated on Sunday. 

“I will be adding provisions that allow for us to go soon after the oligarchs, choose their money, and send it right to Ukraine,” Schumer reported, referring to provisions that he options to include to a $33 billion support bundle requested by the Biden administration this week. 

“There is no explanation that Putin’s viciousness and these unwell-gotten gains really should just continue to be the way they are when Ukraine desperately wants the funds,” he added. 

A Civil Guard stands by a Russian oligarch-owned yacht called Tango in Palma de Mallorca, Spain, Monday April 4, 2022. 

A Civil Guard stands by a Russian oligarch-owned yacht called Tango in Palma de Mallorca, Spain, Monday April 4, 2022. 
(WHD Photograph/Francisco Ubilla)

President Biden asked Congress on Friday to authorize $33 billion in navy, financial, and humanitarian help for Ukraine, much more than double the $13.6 billion offer that Congress approved in early March. 

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The Justice Section launched Activity Power KleptoCapture to go immediately after Russian oligarchs’ wealth in March. 

Investigators worked with Spanish authorities to seize the 225-foot, $90 million luxurious yacht Tango from Russian oligarch Viktor Vekselberg last month. 

Russian President Vladimir Putin use state-run media to spread the Kremlin’s message. 

Russian President Vladimir Putin use state-operate media to spread the Kremlin’s message. 
(ALEXEI NIKOLSKY/Sputnik/AFP by using Getty Pictures)

Ukrainian president Volodymyr Zelenskyy said this 7 days that he is “grateful to the American people today” for the continued help with the proposed $33 billion assist bundle. 

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“President Biden rightly claimed nowadays that this step is not affordable,” Zelenskyy reported. 

“But the adverse repercussions for the entire planet from Russia’s aggression versus Ukraine and against democracy are so large that by comparison the U.S. support is important.”

Ukrainian President Volodymyr Zelenskyy speaks from Kyiv, Ukraine, on Tuesday.

Ukrainian President Volodymyr Zelenskyy speaks from Kyiv, Ukraine, on Tuesday.
(Ukrainian Presidential Push Workplace by means of WHD)

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The provisions that Schumer stated he will insert to the aid offer will also streamline the forfeiture procedure and make it a federal criminal offense to have proceeds acquired by means of “corrupt dealings with the Russian government.” 

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