"Senate Advances Bill to Establish Russian Trust Fund for Ukraine"

Senators Risch and Whitehouse applaud the committee passage of the REPO Act, which aims to provide additional assistance to Ukraine using assets confiscated from the Central Bank of the Russian Federation and other sovereign assets of Russia. The bill has garnered bipartisan support and aims to hold Russia accountable for its invasion of Ukraine by seizing and repurposing frozen Russian assets to aid in Ukraine's reconstruction efforts. The legislation also prohibits the release of funds to sanctioned Russian entities until Russia withdraws from Ukraine and agrees to provide compensation for the harm caused by its unprovoked war.