We should be working to confiscate those funds and use Russia's own money to finance the reconstruction of Ukraine.
On February 24, of course, Russia initiated its premeditated, brutal, and illegal invasion of Ukraine.
We are fundamentally changing Russia's role in the global economy.
Arguably, what you are doing is more important than what is happening on the battlefield.
Half of its sovereign assets, as you mentioned, Ranking Member Risch, they are blocked outside Russia.
If we get this wrong, we risk not only billions of dollars in U.S. and allied economic hardships.
They will fight with broomsticks in the streets, if necessary, and all of us have had the opportunity to discuss this with the Ukrainians.
Putin obviously gets very little advice from anywhere. He treats the world like they are fools.
I really believe we can do better.
First of all, let there be no mistake about this. We really appreciate what you are doing.
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I urge the Administration to prioritize North American energy production and infrastructure.
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I look forward to hearing from our witnesses on whether and how the Biden administration plans to recommit to meaningful policies.
It is past time we reassert American leadership in our hemisphere.
