Bill > SRes421

This resolution urges the executive branch and G7 countries to take significant action regarding Russian sovereign assets in response to Russia's invasion of Ukraine. The resolution emphasizes the severe humanitarian costs of the war, including approximately 14,000 civilian deaths, 120,000 Ukrainian soldiers killed or missing, and over 10 million people displaced. It calls for the seizure and repurposing of an estimated $300 billion in frozen Russian assets, to be disbursed to Ukraine in monthly installments of at least $10 billion. The resolution argues that this action is justified under international law principles of state responsibility and countermeasures, particularly given Russia's violations of the United Nations Charter and commission of war crimes. It recommends that countries harmonize their legal frameworks to enable asset seizure, develop a multilateral fund for distributing these assets, and use diplomatic and economic incentives (such as prioritizing or deprioritizing weapons sales) to encourage compliance. The ultimate goal is to support Ukraine's defense, reconstruction, and accountability for the harm caused by Russia's aggression, while also establishing a deterrent for future international conflicts.

Government Affairs

https://www.congress.gov/bill/119th-congress/senate-resolution/421/all-info