Joe Biden calls for selling Russian oligarchs’ seized yachts to fund aid to Ukraine

President Joe Biden urged Congress to pass a legislative package that includes allowing the US to sell Russian oligarchs' seized yachts and use the funding for aid for Ukraine
President Joe Biden urged Congress to move a legislative package deal that features permitting the US to promote Russian oligarchs’ seized yachts and use the funding for help for Ukraine (Photos: Getty Photos)

President Joe Biden is pushing a legislative package deal that might permit the US authorities to promote yachts and different belongings seized from Russian oligarchs and use the proceeds to pay for army and humanitarian help to Ukraine.

‘We’re going to grab their yachts, their luxurious properties and different ill-begotten good points of (Russian President Vladimir) Putin’s kleptocracy,’ Biden mentioned from the White Home on Thursday morning. ‘These are unhealthy guys.’

The laws would ‘create new procedures of forfeiture and seizure of those properties and it’s going to guarantee that when the oligarchs’ belongings are bought off, funds can be utilized on to treatment the hurt Russia precipitated and assist construct Ukraine,’ Biden mentioned.

It's a part of Biden’s name to Congress to approve an extra $33billion in safety, financial and humanitarian help to Ukraine. The president mentioned it's ‘crucial’ for the US to proceed offering help to Ukraine because it combat off Russia’s invasion, and mentioned that present funding has run out.

‘The price of this combat is just not low-cost, however caving to aggression goes to be extra expensive if we permit it to occur,’ Biden mentioned. ‘We both again the Ukrainian folks as they defend their nation or we stand by because the Russians proceed their atrocities and aggression in Ukraine.’

Biden pressured that the US is just not sending troops to combat within the struggle however that his administration will proceed to do all it may to carry Russia accountable for ‘Putin’s struggle’.

‘We’re not attacking Russia – we’re serving to Ukraine defend itself in opposition to Russian aggression,’ Biden mentioned.

‘And simply as Putin selected to launch this brutal invasion, he might make the selection to finish this brutal invasion. Russia is the aggressor, no ifs, ands or buts about it. Russia is the aggressor, and the world should and can maintain Russia accountable.’

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