Biden asking Congress for more Ukraine aid, power to seize Russian oligarchs’ assets

President Biden speaks to journalists on Air Force One
President Biden talking to journalists on Air Pressure One on Friday.
(Andrew Harnik / Related Press)

President Biden will ask Congress on Thursday for billions of extra dollars to help Ukraine in its protection from Russia’s invasion and for the authority to make it simpler to grab and promote the belongings of Russian oligarchs.

Biden, who's scheduled to communicate from the White Home at 7:45 a.m. Pacific, might be asking lawmakers to make it a criminal offense for an individual to “knowingly or deliberately possess proceeds straight obtained from corrupt dealings with the Russian authorities,” double the statute of limitations for international cash laundering offenses to 10 years, and increase the definition of “racketeering” below U.S. regulation to incorporate efforts to evade sanctions.

The president can even ask Congress to permit the federal authorities to make use of the proceeds from promoting the seized belongings of sanctioned Russian oligarchs to assist the folks of Ukraine, a measure lawmakers from each events have known as for.

The newest White Home push to broaden its help for Ukraine follows Biden’s announcement earlier this month of $1.6 billion in new protection assist, a tranche that included offensive weapons — howitzers, drones and helicopters — that Ukraine’s navy desperately wants because the battle shifts to a brutal floor battle within the nation’s jap Donbas area. And it comes simply days after Secretary of State Antony J. Blinken and Secretary of Protection Lloyd J. Austin III traveled to Kyiv and met with Ukrainian President Volodymyr Zelensky.

The rising willingness of the U.S. and different NATO allies to closely arm Ukraine marks a clear strategic shift away from the warfare’s preliminary part, when allies had been extra hesitant to ship weapons and munitions that Russian President Vladimir Putin may view as an escalation.

In latest days, Moscow has reiterated threats that it might resort to extra direct assaults in opposition to the West if it continues its help of Ukraine however these threats haven't deterred the U.S. and different allies.

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