US begins work on transferring Russian assets to Ukraine – Biden's special envoy
President Joe Biden's special representative for Ukraine's economic recovery, Penny Pritzker, says the US is working to transfer Russian assets to Ukraine
This is reported by the Financial Times.
According to Biden's special representative, the United States has frozen USD 8 billion worth of Russian sovereign assets, most of which are located in the EU and Japan.
The Russian assets frozen by the West should be used for the post-war reconstruction of Ukraine. Legal teams are working to understand what can be done with the Russian assets.
"In fact, if I were to say not from a legal point of view, but from an ethical and moral point of view, given the destruction that the Russian troops have caused to Ukraine, you know, they should contribute to the restoration of Ukraine. From a legal point of view, the question of how to do this is still under development," she said.
On September 7, the United States said it would transfer assets confiscated from sanctioned Russian oligarchs to Ukraine: they will be used to support Ukrainian military veterans.