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US To Use Seized Russian Assets For Ukraine Reconstruction

The Russian Embassy, as President Biden announces new sanctions on Russia, in Washington

During a speech at the Igor Sikorsky Kyiv Polytechnic Institute in Ukraine, Secretary of State Antony Blinken reaffirmed the United States' plan to utilize seized Russian assets to support the reconstruction efforts in Ukraine. Blinken emphasized that the US Congress has granted the authority to seize Russian assets within the country and that this power will be exercised.

Blinken stated, 'What Putin destroyed, Russia should and must pay to rebuild,' underscoring the accountability he believes Russia should bear for the damages caused. He also mentioned that the US is collaborating with other G7 nations to similarly target 'Russia's immobilized sovereign assets' for the same purpose.

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