The United States and its allies have frozen more than $300 billion in Russian sovereign assets as part of their response to the Kremlin’s illegal war against Ukraine.

Ukraine’s reconstruction costs are estimated to be around $400 billion and counting. But there is no need for Ukrainians, let alone US taxpayers, to foot the bill for Russia’s unprovoked aggression.

The bipartisan Rebuilding Economic Prosperity and Opportunity (REPO) for Ukrainians Act would authorize the US to seize and repurpose of frozen Russian funds to provide additional assistance to Ukraine. It would also bar the US from lifting sanctions unless Russian forces withdraw from Ukrainian territory and encourage the US administration to work closely with allies to develop robust international asset seizure and transfer mechanisms.

Please join Hudson Institute for a foreign policy address by Senator Jim Risch, ranking member of the Senate Foreign Relations Committee and leading cosponsor of the REPO for Ukrainians Act. Following the address, Hudson Kleptocracy Initiative Research Fellow Nate Sibley and a panel of experts will discuss the act and its implications for the future of Ukraine.