US approved the first transfer of confiscated Russian assets for the reconstruction of Ukraine

US Attorney General Merrick Garland noted on February 3, 2023, during the meeting with Ukraine’s Prosecutor General Andriy Kostin, that he authorized the first transfer of confiscated funds of Russian oligarchs for the reconstruction of Ukraine.

Source: US Attorney General Merrick Garland

“Today I am announcing that I have authorized the first-ever transfer of forfeited Russian assets for use in Ukraine. These forfeited assets follow the announcement I made last April of the indictment of designated Russian oligarch Konstantin Malofeev charges of sanctions evasions,” noted the US Attorney General.

At the same time, Merrick Garland announced the seizure of millions of dollars from the account of an American financial institution, which is connected with Malofeev’s evasion of sanctions.

Merrick Garland also added that the day before, the US District Court for the southern district of New York decided to confiscate these funds in favor of the United States.

“With my authorization today, the forfeited funds will next be transferred to the State Department to support the people of Ukraine,” the US Attorney General emphasized.

See also: Ukraine’s Prosecutor General arrived in the USA on an official visit

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