Petition updateAll Proceeds of Oligarch Seizures to be given to the Ukrainian People.Sale of Seized Oligarch Assets - Common Sense Starts to Prevail
Neil Chapman-BlenchActon, ENG, United Kingdom
Mar 22, 2022

Things are moving in the right direction.

In the United States lawmakers are gearing up to introduce a new bill in Congress that would mean the US could seize the Russian elites' yachts and other assets, further intensifying the US's economic sanctions on Russia amid its unlawful and immoral invasion of the Ukraine.

The "Yachts for Ukraine" Act would permit authorities to seize any property held by Russian elites in the US that is valued above $5 million. That includes bank accounts, real estate, and the superyachts that have become synonymous with Russia's billionaire class.

Most importantly is the second part of the proposed Act.

The bill, which is led by Democratic Rep. Tom Malinowski of New Jersey and Republican Rep. Joe Wilson of South Carolina, would:-

Allow the US to SELL the seized assets and use the cash to directly aid Ukraine.

Funds from such sales could be used on post-conflict reconstruction in Ukraine, humanitarian support, weapons for Ukraine's armed forces, provisions for refugees, and technology goods. Cash could also be diverted to humanitarian assistance for Russians, "including democracy and human rights programming and monitoring," according to the bill.

Authority provided by the bill would last for two years after its passage, giving President Joe Biden prolonged power over Russian oligarchs parking their wealth in the US.

This is exactly the type of legislation I wish for the UK Parliament to enact and why I started this petition.

I have already asked a lot but if you could spread the message about signing using the link below I would be really grateful. I just need 22 signatures to get approved status on the Change.org website and it will go out to thousands of more people.

Thanks so much for everything you are doing and any assistance in the future.

Love

Neil     

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