The new legislation directs President Biden to sell seized Russian assets and give the proceeds to humanitarian and military efforts in Ukraine.
the yachts and other assets has met with challenges from the Senate Foreign Affairs Committee and others. The ACLU said the move could run counter to legal protections for individuals by depriving the Russians who owned the items any chance of challenging the actions and possibly regaining their property.
“The problem with the bill as introduced was that the complete absence of any due process protections would likely have resulted in a court handing Russia a propaganda win by having an American court invalidate both the sanctions law and the sanctions themselves,” Christopher Anders, the federal policy director at the ACLU, told theAmid these legal questions and without means of enforcement, the legislation calls on the president to set up an “interagency working group” to determine the “the...
Most of the superyachts are in Europe, so they will be the responsibility of the countries that have confiscated them. Tom Malinowski was one of the Congressional representatives who sponsored the legislation. “Can we imagine giving all of Russia’s wealth—the yachts, the bank accounts, the villas, the planes—back to Putin and his cronies as Ukraine lies in ruin, as the Ukrainians bury their dead? We cannot imagine doing that. We will not do that,” Malinowski said on the House floor.
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