Ukraine to receive nearly $500,000 in forfeited Russian funds from DOJ

by | Feb 19, 2024

According to a press release from the Department of Justice, the United States and Estonia will give Ukraine nearly $500,000 in forfeited Russian funds.

At the Munich Security Conference on Saturday, U.S. Deputy Attorney General Lisa Monaco and Estonian Secretary General Tnis Saar announced the news. According to the Justice Department, the United States forfeited the funds following the dissolution of an illegal procurement network attempting to import a high-precision, U.S. origin machine tool with uses in the defense and nuclear proliferation sectors. A Latvian national entered a guilty plea on Wednesday, alleging that the procurement scheme violated U.S. export laws and regulations.

According to the release, the U.S. is sending the money to Estonia, which will forward it because it is not permitted to do so directly to Ukraine.

According to Monaco, the announcement shows the unwavering resolve of the US and Estonian allies to prevent Putin from using the western technologies he uses to wage an illegal war against Ukraine.

According to the release, the United States has never entered into such a deal with an ally abroad with the specific intention of aiding Ukraine. Following a $5.4 million transfer to the State Department last year to aid Ukrainian veterans, this is the second time the DOJ's Task Force KleptoCapture had made confiscated Russian funds available to Ukraine.

The transfer occurs as Congress is still debating whether to provide Ukrainian aid. House Speaker Mike Johnson (R-LA) stated to reporters on Tuesday that he would “certainly oppose “a $95 billion bill that the Senate passed earlier this week.

Johnson, however, urged the United States and its allies to use every means available to cut off Putin's ability to fund his “unprovoked war” in Ukraine after Alexei Navalny, the leader of the Russian opposition, passed away.

Source: Washington Examiner

 

 

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