U.S. Transfers $500,000 in Forfeited Russian Funds to Estonia for Ukraine Aid
In a groundbreaking move, the U.S. has transferred confiscated Russian assets to Estonia, which will then be used to support Ukraine, marking a novel approach to international aid.
- The U.S. Department of Justice announced the transfer of nearly $500,000 in confiscated Russian funds to Estonia, intended to aid Ukraine.
- This marks the first time the U.S. has transferred funds to a foreign ally specifically for the purpose of assisting Ukraine.
- The funds were confiscated from an illegal procurement network attempting to import a high-precision, U.S.-origin machine tool into Russia.
- Estonia will use the funds for a project aimed at rapidly assessing and repairing damage to Ukraine's electrical transmission and distribution systems.
- The move is part of the DOJ's Task Force KleptoCapture's efforts to combat Russia's ongoing brutality and support Ukraine's response and rebuild.
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