Russian money to fund Ukraine, US says

Russian money to fund Ukraine, US says
The US plans to seize Russian oligarchs' assets and send money raised to help the effort in Ukraine. -AP

The US plans to add a $US33 billion ($A47 billion) Ukraine aid package to allow the United States to seize Russian oligarchs' assets and send money from their sale directly to Ukraine.

"Ukraine needs all the help it can get and, at the same time, we need all the assets we can put together to give Ukraine the aid it needs," US Senate Democratic leader Chuck Schumer said at a media briefing in New York City.

President Joe Biden asked Congress to approve $US33 billion ($A47 billion) in assistance for Kyiv on Thursday in what would mark a dramatic escalation of US funding for Ukraine more than two months after it was invaded by Russia.

Schumer said the Biden administration had asked MPs to insert provisions into the aid bill to help it seize assets, liquidate them and send Ukraine the money.

The US House of Representatives signalled its support for giving the administration more power to target oligarchs profiting from their association with Russian President Vladimir Putin when it approved non-binding legislation on Wednesday.

The $US33 billion ($A47 billion) in funding for Ukraine, which lawmakers have said they want to approve quickly, would be used to provide weapons, ammunition and other military assistance, as well as direct economic and humanitarian aid to Ukraine.