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2h ago

Senate Bipartisan Plan Would Channel Frozen Russian Assets to Ukraine on 90‑Day Schedule

The proposal outlines an interest‑bearing account for roughly $5 billion under U.S. control to create predictable, recurring support.

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Overview

  • Democrats Jeanne Shaheen, Sheldon Whitehouse and Richard Blumenthal joined Republicans Jim Risch, Chuck Grassley and Lindsey Graham to introduce the REPO 2025 amendment reported by the Senate Foreign Relations Committee on September 19.
  • The draft encourages the president to transfer at least $250 million to Ukraine every 90 days from U.S.-held Russian sovereign assets moved into the new account.
  • It calls on the secretary of state and the treasury secretary to lead a campaign pressing allies to send at least 5% of their frozen Russian assets—about $15 billion—on the same quarterly timetable.
  • The measure emphasizes U.S. jurisdiction over about $5 billion versus more than €260 billion frozen in the West, with roughly €190 billion at Euroclear, as the EU continues to use only income from such assets.
  • Related discussions include G7 deliberations on more decisive steps and a reported UK plan to finance new loans to Ukraine using Russian state assets held in Britain, while the Kremlin denounces confiscation as unlawful.