House wants President Biden to sell Russian yachts for Ukraine aid
President Joe Biden is asking Congress for 33 billion dollars to give to Ukraine for more artillery, armored vehicles, anti-air and anti-armor systems, in addition to humanitarian aid like food, water and shelter.
President Biden says: The cost of this fight is not cheap, but caving to aggression is going to be more costly.
Fighting continues in the Donbas and the President says he’s running out of money for the war effort. But the House of Representatives is also calling on President Biden to take another approach, by selling seized Russian assets.
The United States and its allies have seized 300 billion dollars in Russian central bank assets since the war began. But after cash, yachts, and private jets are seized, what happens next?
The House of Representatives passed a bill that calls on President Biden to come up with a way to sell the assets, and give the money to Ukraine for reconstruction, refugee resettlement, and humanitarian and security aid.
Rep. Tom Malinowski (D-NJ) says “Can we imagine at that moment giving all of this wealth, all of Russia’s wealth, the yachts, the bank accounts, the villas, the planes back to Putin and his cronies as Ukraine lies in ruin?” “I think the answer is no.”
The bill passed with an extraordinary bipartisan vote of 417 to 8, but it’s non binding. Meaning the president isn’t obligated to sell the assets. Straight from DC, I’m Ray Bogan.