2 chapters across the catalog
Congressman French Hill discusses the Repo Act, which grants the president authority to seize frozen Russian central bank assets to benefit Ukraine. While the U.S. has previously only used the interest from these assets, there is growing bipartisan support from Senators Graham and Blumenthal to convert the principal into a trust account for Ukraine.
The "Rebuilding Economic Prosperity and Opportunities (REPO) for Ukrainians Act" authorizes the seizure of approximately $300 billion in frozen Russian sovereign assets. While most of these funds are held in Europe via Euroclear, the U.S. move signals a major shift in international finance. Russian officials have threatened retaliatory measures, including the confiscation of Western investments currently held in Russia.
