On a New Mechanism for the Confiscation of Russian Sovereign Assets: Consensus Between the US Administration and Congress

... will last for years and decades In the United States, both houses of Congress approved the bill H.R. 8038 , titled “21 st Century Peace through Strength Act”. In Russia, the bill received resonance in connection with the legal mechanism for the confiscation of Russia’s sovereign assets. Previously, there were no such mechanisms in the arsenal of US sanctions policy towards Russia. What will the new law look like? What was the relationship between the Biden Administration and Congress regarding ...