"US Considers Seizing Russian Assets to Support Ukraine"

The US is exploring a plan to seize and transfer roughly $300 billion in frozen Russian Central Bank assets to Ukraine as a form of payment for the damage caused by Russia's invasion. This proposal, which requires buy-in from G7 allies and passage of the REPO Act by Congress, is based on a novel legal theory and aims to hold Russia accountable for its actions. While the initiative is seen as a long-term project, it is not intended to replace the supplemental funding the administration has requested from Congress for Ukraine's survival.