The US announced plans to send $5.4 million in seized Russian oligarch assets to Ukraine. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. US Secretary of State Antony Blinken announced the venture during his visit to Kyiv on Wednesday, saying the US would transfer to Ukraine $5.4 million in assets that once belonged to Russia's powerful oligarchs. Kremlin spokesperson Dmitry Peskov said such a transfer would be unlawful, Russian state media outlet TASS reported. The US and other Western allies have frozen at least $58 billion worth of Russian oligarch-owned assets since the war began.

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Persons: Antony Blinken, Blinken, Dmytro Kuleba, Dmitry Peskov, Peskov, Vladimir Putin, Konstantin Malofeyev, Malofeyev, Jack Hanick, Hanick, Blinken's Organizations: US, Russian, Department, Service, Ukrainian Foreign, Russian Federation, US State Department, Daily, Putin, Fox News, Justice Department, Ukraine —, The Justice Department Locations: Ukraine, Wall, Silicon, Kyiv, Russia, Moscow, Crimea, Texas, Greece, London