Washington, DC — Iowa Congressman Zach Nunn is co-sponsoring legislation that would redirect Russian assets that were seized when Russia invaded Ukraine.
Nunn, a Republican from Bondurant, says the nearly 300 BILLION dollars of Russian money and assets that are being held in banks in the US, Europe and Japan should be used to rebuild Ukraine.
A United Nations report issued in June indicated at least 135 BILLION dollars worth of damage had been done to buildings and infrastructure in Ukraine and more than one-and-a-half million homes have been destroyed during the war. Nunn, a Republican from Bondurant, says if there’s no plan to shift Russian assets to rebuilding Ukraine, that money will eventually return to Russia.
Nunn, who served on three combat missions when he was in the US Air Force, has been a strong supporter of Ukraine’s military, but he says there should be limits on the amount of US aid sent to Ukraine.
President Biden has asked congress to approve $24 billion in additional aid to Ukraine, along with more money for federal disaster aid and border security. Nunn says those are key domestic issues that should not be tied to funding for Ukraine.
