US Attorney General Merrick Garland announced the first transfer of forfeited assets from sanctions against a Russia oligarch on Friday during an appearance with Ukrainian Prosecutor General Andriy Kostin at the Justice Department, CNN reported.
The funds, according to Garland, will go toward aiding Ukraine.
“Today, I am announcing that I have authorized the first ever transfer of forfeited Russian assets for use in Ukraine,” Garland said. “These forfeited assets follow the announcement I made last April of the indictment of designated Russian oligarch Konstantin Malofeyev, on charges of sanctions evasions.”
“With my authorization today. The forfeited funds will next be transferred to the State Department to support the people of Ukraine,” the US attorney general added.