Biden calls for $33B in Ukraine aid, seizure of Russian oligarchs' assets

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Biden calls for $33B in Ukraine aid, seizure of Russian oligarchs' assets
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President Joe Biden requested $33 billion from Congress in additional aid to Ukraine Thursday, as well as a package that will “enhance” the United State’s effort to seize Russian oligarch’s “ill-begotten gains.”

Currently, the U.S. can forfeit the proceeds from sanctions violations, but it cannot forfeit property that is used to facilitate sanctions violations. The legislation proposed by Biden"closes that gap," the White House said in a fact sheet released ahead of Biden's speech.

Since the war began in late February, the Treasury Department has"sanctioned and blocked vessels and aircraft worth over $1 billion," the White House said. The U.S. has also frozen hundreds of millions of dollars in U.S. bank accounts owned by Russian elites, officials said. Biden criticized the rhetoric Thursday, saying that"no one should be making ideal comments about the use of nuclear weapons." The president dismissed Russia's criticism of the West's role in the conflict.

The president also said the U.S. was working with Japan and other allies to provide energy assistance to Poland and Bulgaria, one day after Russia announced it was cutting off gas to those countries. Biden called the move an attempt by Russia to"intimidate and blackmail" Europe by withholding critical energy exports.

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