“Our message is simple: if you’re an oligarch, we’re coming for your assets, wherever you have them hidden,” Auchincloss said,
Bay State House members and veterans Seth Moulton and Jake Auchincloss are hoping to redirect Russian billionaires’ assets, in the form of yachts and penthouses, to help Ukrainians.
“Some Russian oligarchs think they can ride out this war on their yachts in the Mediterranean,” Moulton, a Democrat from Salem, said in a statement. “They’re more concerned with where their next batch of caviar is coming from than confronting their enabler, the war criminal Vladimir Putin, about how he is destroying lives and wrecking the Russian economy.”
Auchincloss, a Newton Democrat, added, “Our message is simple: if you’re an oligarch, we’re coming for your assets, wherever you have them hidden. If you’re in Ukraine fighting on the front lines of democracy, more help is on the way.” Oligarchs, or Russia’s corrupt and wealthy elite with close ties to the Kremlin, have already faced steep sanctions in the U.S. and abroad for their country’s invasion of Ukraine. The U.K., for example, sanctioned the Chelsea Football Club’s owner, Roman Abramovich. The Brits halted the sale, player transfers and merchandise sales for the team.
This bill would permanently allow the funds from seized Russian assets to fund humanitarian and rebuilding efforts for Ukraine.
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