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Bipartisan US Bill Targets Frozen Russian Assets to Boost Ukraine’s Defense and Reconstruction
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![Photo of Cyril Barabaltchouk]( "Photo of Cyril Barabaltchouk")
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A new bipartisan bill introduced in the US Senate seeks to repurpose Russia’s frozen sovereign assets to fund Ukraine’s defense and reconstruction efforts, Sky News reported on September 22.
Tabled by Senator Sheldon Whitehouse (D) and Senator Jim Risch (R), the REPO Implementation Act of 2025 proposes moving $5 billion of Russia’s sovereign funds, held in the US, into an interest-bearing account.
At least $250 million of these funds would be allocated to Ukraine every 90 days.
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The bill’s supporters argue that it would impose no additional costs on American taxpayers while making Russia financially responsible for Ukraine’s recovery, Sky News writes.
The legislation also calls on allied countries to repurpose 5% of the estimated $299 billion in Russian assets held abroad, which could amount to $14.8 billion per quarter.
Whitehouse emphasized that the move would increase pressure on Russia, stating, “Vladimir Putin and his corrupt regime must continue to pay for the brutal invasion of their peaceful neighbor.”
He also urged the Trump administration and G7 allies to seize frozen Russian assets and establish a regular distribution schedule to support Ukraine, according to Sky News.
Previously, it was reported that the European Commission would factor in the International Monetary Fund’s (IMF) assessment of Ukraine’s financial needs for the next two years when determining the size of the EU’s Reparations Loan to Kyiv, as reported by Reuters, citing European Commissioner for Economy Valdis Dombrovskis.
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