US announces 1st transfer of seized assets to war effort
Attorney General Merrick Garland announced during a meeting with Ukraine's top prosecutor on Friday that he has authorized the first transfer of forfeited Russian assets to go toward the Ukrainian war and recovery effort.
The $5.4 million was formally ordered confiscated Thursday from sanctioned Russian businessman Konstantin Malofeyev. Garland's order will direct the money to the State Department for use in Ukraine under a new law signed by President Joe Biden late last year.
"The Justice Department will continue to hold accountable Russian oligarchs and others whose criminal acts enable the Russian government to continue its unprovoked and unjust war in Ukraine," Garland said in his meeting with Ukrainian Prosecutor General Andriy Kostin. "And we will continue to work closely with our international partners to support investigation and prosecution of the atrocities that have occurred during this war."
Kostin thanked Garland for authorizing the transfer, which he said showed "the responsible party pays for the devastation that it caused."
"The reparation of tremendous human and material damage to Ukraine and Ukrainian people is an important aspect in our quest for justice," Kostin said.
-ABC News' Alex Mallin