S.Amdt. 6227

This amendment, submitted by Mr. Kennedy, aims to add a section to bill S. 4784 that expresses the sense of Congress regarding the seizure of Russian Federation sovereign assets.

The purpose of this amendment is to urge the executive branch and leaders of the European Union and the G7 to move beyond freezing Russian assets and instead permanently confiscate and repurpose them to fund the recovery and defense of Ukraine.

Key Aims of the Amendment

• Accountability for Harm: It asserts that the Russian Federation is financially responsible for the harm caused by its invasion of Ukraine, citing civilian deaths, war crimes, and the destruction of infrastructure estimated at $524,000,000,000.

• International Coordination: It calls for the executive branch to advocate that international law allows for the confiscation of these assets and urges other countries to harmonize their laws with the REPO for Ukrainians Act.

• Financial Action: It strongly urges countries to confiscate Russian assets and allocate them to Ukraine in monthly tranches of at least $10,000,000,000.

• Pressure Tactics: It suggests that the President, Secretary of State, and Secretary of Defense should pressure other countries to comply by prioritizing weapons sales to those who seize the assets and deprioritizing sales to those who do not.