FACTSHEET - The REPO for Ukrainians Act Is Unnecessary, Costly, and Risky

sive increase in federal deficit spending over the past few years has exacerbated America’s THE PROBLEMS WITH THE REPO long-standing debt and inflation crisis, signifi- FOR UKRAINIANS ACT cantly devalued and undermined the dollar, The Heritage Foundation has already and brought the United States to the brink of provided a framework for supplemental appro- economic calamity. [...] This l In 2018, the ICJ received arguments from the act could have unforeseen repercussions in the Palestinian Authority that President Donald world financial markets regarding the validity Trump’s decision to move the U. [...] The European nations in l The REPO for Ukrainians Act also references which the preponderance of frozen Russian the International Court of Justice (ICJ), assets resides possess the jurisdiction to seize which is part of the United Nations. [...] position is that Europe should provide any and all humanitarian assistance as well as any l The United States has withdrawn from governmental financial assistance to Ukraine, both the general (compulsory) and consular at least in the near term and in the case of an (optional) jurisdiction of the ICJ. [...] aid to Ukraine, l An alternative to asset seizure could be including an independent Special Inspector purchasing the frozen assets from Russia General that is not under the control or at a steeply negotiated discount—a value authority of the Department of Defense, the that reflects the recognition that these Department of State, or the U.