Shmyhal named the potential amount that Ukraine will receive if Congress passes the REPO law
Kyiv • UNN
Ukraine could receive up to $5 billion from confiscated Russian assets if the US Congress approves the REPO bill, which would allow the president to seize Russian sovereign assets currently under US jurisdiction.
Ukraine could potentially receive up to $5 billion if the US Congress approves a bill on the confiscation of Russian assets (the REPO bill). This was announced by Prime Minister Denys Shmyhal during a government meeting, UNN reports.
Shmyhal reminded that the House of Representatives has approved a bill to help Ukraine. The bill includes almost $61 billion, of which $49.9 billion is defense spending.
"We have received assurances that the draft law will quickly pass through the Senate, be signed and come into force," Shmyhal said.
According to him, the lower house of Congress also passed a law on the confiscation of Russian sovereign assets.
"The relevant powers will be given to the US President. Potentially, this could give Ukraine up to $5 billion, which is currently under American jurisdiction," Shmyhal said.
Addendum
The US urged the EU to reduce taxes on income from Russia's frozen assets.
