Hearings continue in the US Congress on a bill on the transfer of frozen assets of the Russian Federation to Ukraine.
Voice of America reports this.
It is indicated that legislators, speaking in support of the bill, stated that it was Russia that “must pay for its war.”
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“We need a plan for victory as quickly as possible, and that plan must ensure that the United States does not bear this burden alone.” That's why I introduced legislation to restore economic prosperity and opportunity for Ukrainians,” said Republican Congressman Michael McCaul , chairman of the Foreign Relations Committee.
According to him, this bipartisan and bicameral bill requires the Biden administration to transfer frozen Russian sovereign assets to Ukraine. The document also makes it impossible to return Russian assets to the Russian Federation until it pays compensation to Ukraine.
“The time has come for Russia to pay for the war it started,” McCall said.
He also called for “not to forget the importance of the war in Ukraine” and that “Russia, China and Iran are working together to undermine the security of the United States and our closest allies and partners.”
In turn, Democratic Congressman Gregory Meeks , co-chairman of the Committee on Foreign Relations, added that as the war progresses, the economic strategy must also develop.
“This includes support for Ukraine, which will allow it to become a full-fledged economic player in Europe. And this needs to be done during the war, and not just after Ukraine’s victory,” he said.
Meeks noted that the transfer of frozen Russian sovereign assets to help Ukraine is one of the means that the United States should strive for together with its European partners.
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“Now we see encouraging signals from Europe, where most of these Russian assets are concentrated and whose legal conditions are more demanding,” the congressman emphasized.
The discussion in Congress takes place in three readings. The first reading is formal: the bill is recorded, members of the chambers are informed, and the bill is sent to standing committees. Amendments are made during the second reading. In the third reading, the bill with the amendments is discussed; amendments (except for editorial ones) are not allowed in the third reading.
After this, the bill is put to a vote. The third stage is the adoption of the bill. After a law is passed in each chamber, it is sent to the president for approval.
Earlier, EU leaders supported plans to use billions of euros received from frozen Russian assets to help Ukraine.
