The large aid package that President Joe Biden signed on Wednesday for Ukraine and other allies also allows his administration to confiscate Russian state assets and use them for the benefit of Ukraine. However, the US is unlikely to do so without the consent of other G7 members and the European Union, according to AP. In the US, $5 billion of the Russian central bank’s assets have been frozen. Confiscations will be carried out under the provisions of the Economic Prosperity and Opportunities for Ukrainians Act, which was included in the bill to aid Ukraine. The new law requires the US preside…