Israel Palestine Conflict: US targets Hamas financiers; imposed sanctions

Israel Palestine Conflict

Israel Palestine Conflict: In an effort to disrupting Hamas’ funding, the Biden administration on Wednesday imposed sanctions against a number of entities, including what it described as “a secret Hamas investment portfolio,” an Iranian-connected financial intermediary, and a virtual currency exchange operating in Gaza.

Who all are target?

The US Department of Treasury said in a statement that nine people and one organisation with addresses in Gaza as well as Sudan, Turkey, Algeria, and Qatar were the targets of the sanctions, which were put in place by an executive order relating to terrorism.

“The United States is taking swift and decisive action to target Hamas’s financiers and facilitators following its brutal and unconscionable massacre of Israeli civilians, including children,” said Treasury Secretary Janet Yellen.

To continue all step

“We will continue to take all steps necessary to deny Hamas terrorists the ability to raise and use funds to carry out atrocities and terrorize the people of Israel,” Yellen added.

Following the October 7 attack by Hamas, US President Joe Biden visited Israel and spoke with Israeli Prime Minister Benjamin Netanyahu. Treasury’s measures follow.

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