Prime Minister of Ukraine Denys Shmyhal said that a bill on seizing Russian assets in favor of Ukraine's recovery has been submitted to the US Congress.

"Another step towards the confiscation of frozen Russian assets in favor of Ukraine! The Asset Seizure for Ukraine Reconstruction Act has been introduced in the US Congress. Among its co-authors are both Democrats and Republicans," Shmyhal wrote on his Telegram channel.

According to him, the bill will give the US Department of Justice the necessary tools to confiscate the assets of sanctioned Russian oligarchs faster.

"The proceeds from these assets will be transferred to Ukraine for our resilience and recovery. We hope that this initiative will be adopted as soon as possible. We are working to ensure that all Russian money frozen in the West, including sovereign assets, is confiscated in favor of Ukraine," Shmyhal summarized.