Urging the executive branch and leaders of the G7 and the European Union to seize sovereign assets of the Russian Federation under the jurisdiction of members of the G7 and disburse such assets to Ukraine in tranches of not less than $10,000,000,000 United States dollars per month until expended.
Sponsors
Legislative Progress
In CommitteeMr. Kennedy (for himself, Mr. Blumenthal, Mr. Graham, and Mr. …
Summary
What This Bill Does
Senate Resolution 421 calls on the President, Secretary of State, and Secretary of Defense to pressure G7 countries and the European Union to seize Russian government assets held in their jurisdictions and transfer those assets to Ukraine. The resolution urges these countries to confiscate and disburse at least $10 billion per month to support Ukraine'''s defense and reconstruction efforts.
Who Benefits and How
Ukraine is the primary beneficiary, receiving billions of dollars monthly from confiscated Russian assets to fund its defense and reconstruction. U.S. defense contractors benefit from increased weapons sales, as the resolution directs the administration to prioritize selling weapons to countries that cooperate with asset seizures. Countries that seize Russian assets gain priority access to purchase U.S. military equipment.
Who Bears the Burden and How
The Russian Federation loses access to sovereign assets held abroad, potentially totaling hundreds of billions of dollars. Countries holding Russian assets but choosing not to seize them face deprioritization for U.S. weapons sales, reducing their access to American military equipment. The U.S. State Department and Defense Department receive additional diplomatic responsibilities to pressure foreign governments and manage the weapons sales prioritization system.
Key Provisions
- Urges the executive branch to advocate that Russia'''s violation of international law removes its sovereign immunity protections over assets abroad
- Calls for countries to harmonize their laws with the U.S. Rebuilding Economic Prosperity and Opportunity for Ukrainians Act to enable asset seizures
- Recommends creation of a multilateral fund to facilitate lawful seizure and repurposing of Russian sovereign assets
- Directs disbursement of seized assets to Ukraine in monthly tranches of at least $10 billion until funds are exhausted
- Instructs the President, Secretary of State, and Secretary of Defense to prioritize U.S. weapons sales to countries that seize Russian assets and deprioritize sales to countries that do not
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Urges the G7, EU, and executive branch to seize Russian sovereign assets and disburse them to Ukraine at $10 billion per month to support Ukraine's defense and reconstruction.
Policy Domains
Legislative Strategy
"Build international consensus for permanent confiscation of Russian sovereign assets by urging executive branch diplomatic advocacy and creating economic incentives (weapons sales priorities) for countries that seize Russian assets"
Likely Beneficiaries
- Ukraine (receives $10B+ monthly from seized assets)
- U.S. defense contractors (prioritized weapons sales to cooperating countries)
- Countries cooperating with asset seizure (priority access to U.S. weapons)
Likely Burden Bearers
- Russian Federation (loses sovereign assets)
- Countries holding Russian assets but not seizing them (deprioritized for U.S. weapons)
- International financial system (precedent for sovereign asset confiscation)
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_senate"
- → United States Senate
- "the_president"
- → President of the United States
- "the_executive_branch"
- → Executive branch of the United States government
- "the_secretary_of_state"
- → Secretary of State
- "the_secretary_of_defense"
- → Secretary of Defense
Key Definitions
Terms defined in this bill
22 U.S.C. 9521 note; Public Law 118-50, which grants the U.S. government seizure powers over Russian sovereign assets
State-owned assets of the Russian Federation located in foreign jurisdictions, subject to seizure under international countermeasures doctrine
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology