Senate Majority Leader Chuck Schumer wants to seize the US-based yachts, art possessions and mansions of Russia’s oligarchs — and give the money to relief for Ukraine.
“These oligarchs, loyal to Putin, are extremely wealthy and bought these types of assets, which are here in the United States,” Schumer said Sunday at a press conference in Manhattan. “There’s no reason Putin’s viciousness and these ill-gotten gains should just stay where they are when there is a desperate need for relief.”
Schumer said his plan would give the federal government the power to liquidate foreign assets seized from sanctioned Russian oligarchs and donate that money.
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