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Tuesday, 5 November
economy

The EU has almost 30 times more: how the US is pushing Europe to confiscate frozen Russian money

The confiscation of Russian assets in the United States, which was voted for by the US Congress, may become an impetus for other allies of Ukraine.

This is stated in an article by Apostrophe.

Thus, the US Congress supported a bill to provide Ukraine with a $60.84 billion aid package, of which $7.85 billion is direct budget assistance.

The Congress also voted in favor of another important bill that provides for the possibility of confiscating Russian assets in the United States and transferring them to special funds to support our country.

The US has approximately $6-7 billion in assets, while the EU has frozen more than $200 billion worth of the aggressor country's assets.

However, the seizure of Russian assets in the United States will have more of a symbolic meaning and will become an important international precedent to some extent.

"We see that world leaders mostly act in a 'herd', so if the United States makes such a confiscation and nothing happens to the dollar, then (everyone else) will draw certain conclusions," Dmytro Boyarchuk, Executive Director of the CASE Ukraine, told Apostrophe.

Earlier, we wrote that the US Senate approved the allocation of military aid to Ukraine.