The U.S. on April 20 became the first nation to adopt legislation green-lighting confiscating frozen Russian assets for Ukraine. President Joe Biden signed the REPO Act alongside a $95 billion foreign aid bill that included $61 billion for Kyiv on April 24, setting the legal basis for liquidating immobilized Russian assets held in the U.S. Since the West froze around $300 billion belonging to the Russian Central Bank (CBR) at the start of the full-scale invasion, discussions among the G7 countries about what to do with the assets have been divisive. Some have argued that the liquidated assets …
