The Trump administration's Justice Department has disbanded a Biden-era program aimed at seizing the assets of Russian oligarchs as a means to punish Russia for its invasion of Ukraine.
Looks like yes - the G7 seized about 325B and the interest yielded was the basis for the 20B sent to Ukraine. I fear that now, it’ll just get returned to their owners.
I wonder how much the program actually seized. Imagine if we took all that money and used it to help people.
Just kidding, we probably built like 2 F-35s.
Not sure if same program but didn’t we send alot of money to Ukrane that was seized Russian funds?
Looks like yes - the G7 seized about 325B and the interest yielded was the basis for the 20B sent to Ukraine. I fear that now, it’ll just get returned to their owners.
https://www.bbc.com/news/articles/c047zrzr2xro
$300 billion in Russian assets between the U.S. and Europe. Most is in Europe of course, as most yaughts don’t sail across the Atlantic and sit