Senate Majority Leader Chuck Schumer (D-N.Y.) said Sunday a $33 billion Ukraine aid package will include provisions for the U.S. government to seize and sell Russian oligarchs' assets, and give the proceeds to the invaded country.
"Ukraine needs all the help it can get and, at the same time, we need all the assets we can put together to give Ukraine the aid it needs," Schumer said at a news conference in New York City.
"It's time for sanctioned Russian oligarchs to be held accountable for the ill-gotten wealth that they have received," Schumer added.
Driving the news: Schumer's announcement follows a Biden administration proposal last week for the federal government to sell assets seized from Russian oligarchs over the Russian military invasion of Ukraine and use the proceeds for military and humanitarian aid to Ukraine.
"This is the kind of stuff we're talking about: yachts, mansions," Schumer continued, noting artwork and helicopters would also be targeted.
Zoom in: United Nations officials have said there's "no question" Russian forces are using food as a weapon of war in Ukraine. »