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UK Freezes £25 Billion in Russian Assets Since Ukraine Invasion

  • A bipartisan group of U.S. Senators is urging the Trump administration to transfer over $300 billion in frozen Russian assets to Ukraine instead of limiting aid, according to a letter to Secretary of State Marco Rubio.
  • Senators Todd Young, Lindsey Graham, Richard Blumenthal, and Tim Kaine signed the letter, highlighting a rare instance of Republicans calling for a tougher stance on Russia.
  • The U.S. And allies have frozen an estimated $300-350 billion in Russian sovereign assets following Russia's invasion of Ukraine, but are only using interest earnings for aid due to legal concerns.
  • Since Russia's 2022 invasion, the U.S. And allies have frozen approximately $300-350 billion in Russian assets, primarily in European banks, with current aid limited to interest earnings.
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Новое Время broke the news in Ukraine on Friday, March 21, 2025.
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