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    Home » The USA will transfer the confiscated funds of the Russian oligarch Malofeev for the reconstruction of Ukraine

    The USA will transfer the confiscated funds of the Russian oligarch Malofeev for the reconstruction of Ukraine

    February 4, 2023No Comments Europe
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    For the first time, the USA authorized the transfer of confiscated Russian assets to aid Ukraine.

    The US State Department will hand over millions of dollars that were confiscated in April last year after Russian oligarch Konstantin Malofeev was accused of evading sanctions. Later, the funds will be used to support the people of Ukraine.

    About this on Friday, February 3, stated US Attorney General Merrick Garland during a meeting with Ukraine’s Prosecutor General Andriy Kostin.

    “Today I am announcing that I have authorized the first-ever transfer of confiscated Russian assets for use in Ukraine,” Garland said.

    It will be recalled that the President of the European Commission, Ursula von der Leyen, said that 300 billion euros of reserves of the Russian Central Bank were blocked in the EU and 19 billion euros of Russian oligarchs were frozen. She suggested creating a structure to manage these funds and invest them in order to use them to help Ukraine.

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    Source: TSN

    aid to Ukraine USA
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