The Biden administration is weighing options for directing tens of billions of dollars in frozen Russian government assets in the United States to the rebuilding of Ukraine, Secretary of State Antony J. Blinken said Thursday.
To do so, however, will likely take an act of Congress and could pose risks to U.S. taxpayers in the long run.
The $33 billion emergency spending request for Ukraine the White House sent to Congress on Thursday includes a proposal for “legislation to streamline the process to recoup proceeds from seized and forfeited assets and use them to remediate the harm caused in Ukraine,” according to a White House fact sheet.
