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We must reinforce Putin’s military losses with economic ones

As Ukraine pushes against Russia on the military battlefield, the United States must revitalize its supporting efforts on the economic battlefield. The House-passed National Defense Authorization Act includes amendment #743, which would give the President one-time authorities to use assets (forfeited under criminal procedures) of sanctioned targets connected to Putin to help rebuild Ukraine. Similarly, the European Union can make strides toward this kind of lawful asset seizure. In July, EU Commissioner for Justice Didier Reynders told the press that he expected a political agreement to facilitate asset seizures would be finalized in the fall. The US, EU, UK, and allies must maintain momentum in their efforts to counter Russia—including closing gaps in the sanctions regime.

The need arises because in the short term, there have been some areas of Russian economic resilience. Putin has responded to economic countermeasures…

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