News

Feinstein calls debt ceiling Senate’s ‘most pressing’ issue

The US has for the first time transferred seized assets from a sanctions-hit Russian oligarch to send to Ukraine for the reconstruction of the war-ravaged country.

The authorisation came on Wednesday from attorney-general Merrick Garland, who said additional moves of this kind would be forthcoming. “While this represents the United States’ first transfer of forfeited Russian funds for the rebuilding of Ukraine, it will not be the last,” he said in a statement.

The move comes amid a growing debate among Ukraine’s allies in the west and around the world about the extent to which seized Russian assets can be used to fund a massive reconstruction effort that is expected to kick into high gear if and when the conflict ends.

Read more about sanctions against Russia here.

Articles You May Like

Starbucks workers expand strike in US cities, including New York
Trump tells EU to buy US oil and gas or face tariffs
FOMC preview: 25 bp cut expected; future less certain
‘What choice do they have?’: America’s CEOs bend the knee to Trump
The world’s leading democracies are struggling to govern