“These oligarchs, loyal to Putin, are extremely rich and have bought this kind of wealth, which is here in the United States,” Sumer told a news conference in Manhattan on Sunday. “There is no reason for Putin’s evil and these illegal profits to remain where they are when there is a desperate need for relief.” Sumer said his plan would give the federal government the power to liquidate foreign assets seized by sanctioned Russian oligarchs and donate the money. Assets include things like yachts, helicopters, real estate and works of art and are worth billions of dollars, he said. “This is the kind of thing we’re talking about: yachts, mansions,” he said. “You might ask, ‘Are any of these assets in New York?’ Obviously, it’s a whole bunch.” The proposal will be highlighted in the vote on a $ 33 billion Ukrainian aid package that Sumer hopes Congress will approve this month to provide “security” and humanitarian assistance to the war-torn nation. The 142-meter-long luxury yacht Nord, allegedly owned by Russian tycoon Alexei Mordashov. PAVEL KOROLYOV / AFP via Getty Images A large house owned by Oleg Deripaska is located along East 64th Street in Manhattan. Spencer Platt / Getty Images A group of houses under construction and Roman Abramovich stands along East 75th Street in Manhattan. Spencer Platt / Getty Images The yacht of the Russian billionaire Sergei Galitsky the “Quantum Blue”. VALERY HACHE / AFP via Getty Images President Biden demanded the funds from Congress on Thursday, warning that the $ 13.6 billion already provided by the United States is “almost exhausted. “Basically, we’re out of money,” Biden told the White House. “It’s not cheap. “But retreating to aggression will be more costly if we allow it to happen.” Additional reference by David Meyer
