Senate Panel Advances Bill to Seize Russian Assets for Ukraine Aid
• Senate panel advances bill to allow seizing Russian assets frozen in the U.S. to help pay for Ukraine's reconstruction • Bill has support from Biden administration and Senate leadership to potentially pass quickly • U.S. holds $5-$6 billion in frozen Russian central bank assets that could be seized • Seizures would need to be coordinated with G7 and other allies that also froze about $300 billion in Russian assets • Priority is passing $60 billion Ukraine aid package stalled in Senate, but asset seizure bill adds pressure on Russia