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.
$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
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