A resolution urging the executive branch and leaders of the G7 and the European Union to seize sovereign assets of the Russian Federation under the jurisdiction of members of the G7 and disburse such assets to Ukraine in tranches of not less than $10,000,000,000 United States dollars per month until expended.
This Senate resolution calls for the United States and its G7 allies to seize frozen Russian sovereign assets and transfer them to Ukraine at a rate of at least $10 billion per month. The resolution argues that Russia's invasion of Ukraine and subsequent war crimes justify the confiscation of approximately $300 billion in Russian state assets currently frozen in G7 countries and the European Union. It frames this action as both a legal countermeasure under international law and a moral imperative to hold Russia financially accountable for the destruction it has caused. The resolution urges the executive branch to lead international efforts to harmonize legal frameworks for asset seizure and to use weapons sales as leverage to encourage allied participation.
Key Points
- 1Calls for seizure of Russian sovereign assets held in G7 countries and the EU, with disbursements to Ukraine of at least $10 billion monthly until funds are exhausted
- 2Cites extensive documentation of Russian war crimes, including targeting civilians, torture, sexual violence, and illegal deportation of Ukrainian children to Russia
- 3Estimates Ukraine's reconstruction costs at $524 billion, with over 14,000 documented civilian deaths and 10 million people displaced
- 4Invokes the 2024 REPO for Ukrainians Act as domestic legal authority and argues that Russia's violations of international law remove its sovereign immunity protections
- 5Proposes using U.S. weapons sales as leverage, prioritizing countries that seize Russian assets and deprioritizing those that don't