The U.S. House of Representatives voted to allow the confiscation of frozen Russian assets.

The House's other decision to allow the confiscation of frozen Russian assets also sends a strong signal to all of our partners

The US House of Representatives voted 360-58 in favor of a bill to expand sanctions against Russia and allow Russian assets to be confiscated in favour of Ukraine.

The Senate is set to begin considering the House-passed bill on April 23 before it will be sent to President Biden for signing

The US House of Representatives is poised to hold a crucial vote on Saturday on a major aid package for Ukraine, Israel and Taiwan

nearly $61 billion is earmarked for Ukraine's war effort against the Russian invasion

$14 billion to train, equip and finance the needs of the Ukrainian army

$10 billion in forgivable loans for vital economic and budgetary support, including for the energy and infrastructure sectors

The bill also authorizes the US president to confiscate and sell Russian assets in order to finance the reconstruction of Ukraine

On April 20, the House of Representatives adopted a draft law on financing aid to Ukraine and voted for expansion of anti-Russian sanctions and confiscation of frozen Russian assets.