The White House unveiled a proposed legislative package on Thursday that would allow the federal government to sell assets seized from Russian oligarchs over the Kremlin's invasion of Ukraine and use the proceeds for military and humanitarian aid to Ukraine.
Why it matters: The U.S. has already seized million of dollars in assets from wealthy Russians with close ties to President Vladimir Putin. It and other governments are hoping that financial pressure on those individuals will translate into political pressure on Putin, potentially curtailing his power.
