The Biden admin is finally backing the seizure of roughly $300 billion in frozen Russian sovereign assets to help pay for Ukraine’s reconstruction, endorsing legislation to facilitate the confiscation. But most of the money is in Europe, and Biden wants the G7 to work together.
The White House actually formalized the new policy back in November in a memo from the National Security Council to the Senate Foreign Relations Committee, says Bloomberg. Republicans might balk at inserting a G-7 approval requirement. www.bloomberg.com/news/article...
President Joe Biden’s administration is backing legislation that would let it seize some of $300 billion in frozen Russian assets to help pay for reconstruction of Ukraine, a shift as the White Hous...
What took so long?