US senators introduce bill to transfer frozen Russian assets to Kyiv

A group of US senators from both parties introduced a bill that would require Washington to regularly transfer Russian assets frozen in the US to Kyiv, Report informs via TASS.

According to a document published by the Senate Foreign Relations Committee, several amendments must be made to laws signed by former President Joe Biden in 2024. These laws allow the US government to confiscate Russia's frozen assets and provide military assistance to Ukraine. According to lawmakers from both parties, the Washington administration, in particular, should begin transferring the aforementioned funds to Kyiv "every 90 days." It is assumed that the top US diplomat would allocate at least $250 million to Ukraine during this period.

According to the bill, the Washington administration should "implement a robust, sustained diplomatic campaign to persuade US allies" to also start using at least 5% of frozen Russian assets in Ukraine's interests. US lawmakers estimate that this would initially amount to approximately $15 billion. Senators believe that other countries should transfer funds to Kyiv at least once every 90 days.

In addition, senators want to require the Washington administration to report on the amount of Russian sovereign assets, including frozen assets, held outside the United States.