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DOJ: Confiscated Russian funds will support Ukraine — via Estonia

2024-02-18 15:22:15       source:Politico

February 17, 2024


The U.S. will transfer confiscated Russian funds to Estonia to be used in support of Ukraine, the Justice Department announced Saturday.


The nearly $500,000 sum was secured from “an illegal procurement network attempting to import into Russia a high-precision, U.S.-origin machine tool with uses in the defense and nuclear proliferation sectors,” according to a DOJ press release.


It is the first time the U.S. will transfer funds to a foreign ally for the explicit purpose of assisting Ukraine and comes as foreign aid for the embattled nation has stalled in Congress.


Read more:

https://www.politico.com/news/2024/02/17/doj-confiscated-russian-funds-will-support-ukraine-via-estonia-00142055