Sen. Schumer: Proceeds from the sale of Russian oligarchs’ property ought to go to Ukraine

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The USA ought to seize and promote the yachts, mansions, and different property of Russian oligarchs, then ship the proceeds to Ukraine, Senate Majority Chief Chuck Schumer, D-N.Y., stated on Sunday. 

“I will be adding provisions that allow us to go after the oligarchs, take their money, and send it right to Ukraine,” Schumer stated, referring to provisions that he plans so as to add to a $33 billion assist package deal requested by the Biden administration this week. 

“There’s no reason that Putin’s viciousness and these ill-gotten gains should just stay the way they are when Ukraine desperately needs the money,” he added. 

A Civil Guard stands by a Russian oligarch-owned yacht called Tango in Palma de Mallorca, Spain, Monday April 4, 2022. 

A Civil Guard stands by a Russian oligarch-owned yacht referred to as Tango in Palma de Mallorca, Spain, Monday April 4, 2022. 
(AP Picture/Francisco Ubilla)

President Biden requested Congress on Friday to authorize $33 billion in navy, financial, and humanitarian assist for Ukraine, greater than double the $13.6 billion package deal that Congress authorized in early March. 

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The Justice Division launched Process Drive KleptoCapture to go after Russian oligarchs’ wealth in March. 

Investigators labored with Spanish authorities to seize the 225-foot, $90 million luxurious yacht Tango from Russian oligarch Viktor Vekselberg final month. 

Russian President Vladimir Putin use state-run media to spread the Kremlin’s message. 

Russian President Vladimir Putin use state-run media to unfold the Kremlin’s message. 
(ALEXEI NIKOLSKY/Sputnik/AFP by way of Getty Photos)

Ukrainian president Volodymyr Zelenskyy said this week that he’s “grateful to the American people” for the continued assist with the proposed $33 billion assist package deal. 

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“President Biden rightly said today that this step is not cheap,” Zelenskyy stated. 

“But the negative consequences for the whole world from Russia’s aggression against Ukraine and against democracy are so massive that by comparison the U.S. support is necessary.”

Ukrainian President Volodymyr Zelenskyy speaks from Kyiv, Ukraine, on Tuesday.

Ukrainian President Volodymyr Zelenskyy speaks from Kyiv, Ukraine, on Tuesday.
(Ukrainian Presidential Press Workplace by way of AP)

The provisions that Schumer stated he’ll add to the help package deal may also streamline the forfeiture course of and make it a federal crime to own proceeds gained by “corrupt dealings with the Russian government.” 

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