US Using Seized Russian Oligarch Money To Aid Ukraine

The United States is set to send the money worth $5.4 million, seized from the Russian oligarch to Ukraine as an aid. Money from all the confiscated assets will be sent to Ukraine as compensation, one official said. 

First Oligarch To Face Charges

The Justice Department made public an indictment against Konstantin Malofeev for violating the sanctions, the first time a Russian oligarch has faced charges from the U.S. since the Russian invasion of Ukraine. The US Attorney General, Merrick Garland, announced that he has given permission for the US to use seized oligarch’s assets to support Ukraine.

Promoting Separatism

The Russian oligarch Konstantin Malofeev was considered one of the crucial sources of financing anti-Ukraine sentiments in the now Russian occupied Crimea.  Ukrainian Prosecutor General Andriy Kostin appreciated the move and said the money will be spent on “rebuilding Ukraine”. 

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