US Transfers Nearly $500,000 in Confiscated Russian Funds for Funding Ukraine: DOJ

Published on February 18, 2024

The Department of Justice (DOJ) announced that the United States has transferred some of the forfeited Russian wealth to repair electrical infrastructure in Ukraine damaged by invading Russian troops. Almost $500,000 in Russian funds were confiscated by U.S. agencies last year after intercepting an illegal attempt to export an American-origin tool to Russia. The tool has uses in the defense and nuclear sectors. These funds have been transferred to Estonia for the purpose of aiding Ukraine, the DOJ said in a Feb. 17 press release. The funds will be used to “expedite damage assessments and critical repairs to the Ukrainian electrical distribution and transmission system, which have been purposefully targeted by Russian forces.”...