US senators urge use of frozen Russian assets to pressure Moscow – Reuters
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Tue, 25 Mar 2025 02:56:56 +0200
A group of US senators from both parties is insisting that US President Donald Trumps administration agree not to limit itself to a percentage of frozen Russian assets but instead allocate the entire sum over 300 billion to aid Ukraine and push allies to take the same step.
Source Reuters, citing a letter from the senators Quote from the senators letter to Secretary of State Marco Rubio How does the Administration view using all financial tools at its disposal to increase pressure on Russia to end the war Specifically, does the Administration believe that US and EUheld assets should be used as leverage in negotiations with Russia to bring an end to the war If so, how Details The letter also inquires whether the administration intends to develop a strategy to encourage the EU, G7 countries and other allies to use sovereign Russian assets and whether the US government supports Ukraines use of Russian sovereign assets under US control to purchase defence resources.
The letter was signed by Republicans Todd Young and Lindsey Graham as well as Democrats Richard Blumenthal and Tim Kaine.
Reuters noted that US lawmakers had been calling for years to use confiscated Russian assets to help reconstruct Ukraine and to pressure Moscow into reaching a peace agreement.
Background The European Union stopped discussions on confiscating frozen Russian assets on 20 March.
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