US announces first transfer of confiscated Russian assets to Ukraine
US to transfer assets confiscated from Russian oligarch to Ukraine (Photo:REUTERS/Valentyn Ogirenko)
At least $5.4 million of confiscated assets of sanctioned Russian oligarch Konstantin Malofeev will be transferred to Ukraine, the U.S. Attorney General Merrick Garland announced on Feb. 3, as reported by CNN.
“Today, I am announcing that I have authorized the first ever transfer of forfeited Russian assets for use in Ukraine,” said Garland.
“The forfeited funds will next be transferred to the State Department to support the people of Ukraine. Russian war criminals will find no refuge in the United States.”
On Feb. 3, Garland met with his Ukrainian counterpart, Andriy Kostin. Kostin thanked the United States for its support and said that the Ukrainian people would not forget this.
On Feb. 2, a federal court in New York ruled to confiscate $5.4 million of sanctioned Russian oligarch and owner of Tsargrad TV, Konstantin Malofeev.
On Dec. 22, the U.S. Senate supported the use of the seized Russian assets to help financially sustain Ukraine.
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