The US is preparing to «confiscate» Russian assets

G. Svidrigailov
Газета.Ru

The US Congressional Budget Office has assessed the likelihood of confiscating frozen Russian assets and calculated that if Bill S.2918 is passed, Washington will be able to seize around $2.5 billion between 2026 and 2028. These funds are expected to be used to support Ukraine.

The Congressional Budget Office (CBO) has presented its calculations on Bill S.2918, which proposes changes to the handling of frozen Russian assets.

According to the agency's estimates, if the bill is passed, the federal government will be able to confiscate approximately $2.5 billion of Russian funds under US jurisdiction in 2026–2028.

The report states that the bill provides for the placement of certain assets in a separate interest-bearing account to further support Ukraine. The CBO notes that one of the existing laws already authorizes the US president to transfer Russian sovereign assets, but there remains “significant uncertainty” as to whether the current administration will exercise this right.

According to US authorities, Russian assets worth about $5 billion are frozen in the US. These funds were blocked after the start of the conflict in Ukraine and the subsequent sanctions. At the G7 and EU levels, a significantly larger amount is being discussed — approximately $300 billion allocated to various Western jurisdictions. It is around these funds that discussions have been going on for several months about possible mechanisms for their use in the interests of Kyiv.


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