President Vladimir Putin signed a decree aimed at confiscating American assets in Russia. The move came a month after U.S. President Biden signed a law assuring critical military aid to Ukraine. The law has provision to sell confiscated Russian assets and hand the proceeds of the sale to Kyiv for Ukraine's post-war reconstruction efforts. Putin’s new decree will allow Russia to confiscate movable and immovable properties, securities owned by American companies and citizens in Russia; and other property rights of the U.S. and Americans in the Russian federation.
#putin #joebiden #russia #ukrainewar #zelensky
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