Biden seizes $7 bln in Afghan assets

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WASHINGTON, DC – FEBRUARY 10: U.S. President Joe Biden walks throughout the South Garden after returning on Marine One to the White Home on February 10, 2022 in Washington, DC. President Biden spent the afternoon in Culpeper, Virginia, the place he delivered remarks on the work his administration has performed to decrease well being care prices and prescription drug costs. Anna Moneymaker/Getty Photographs/AFP (Picture by Anna Moneymaker / GETTY IMAGES NORTH AMERICA / Getty Photographs by way of AFP)

WASHINGTON, United States (AFP)– President Joe Biden seized $7 billion in property belonging to the earlier Afghan authorities on Friday with the goal of splitting the funds between victims of the 9/11 assaults and desperately wanted support for post-war Afghanistan.

Biden formally seized the property in an govt order. The cash had been caught within the New York Federal Reserve because the fall of the US-backed authorities in Kabul and takeover by the Taliban insurgency that fought US-led forces for 20 years.

A senior US official stated Biden will search authority to funnel $3.5 billion of that right into a humanitarian support belief fund for Afghans, with the remainder turning into probably accessible to victims of the September 11, 2001 terrorist assaults.

“The administration will search to facilitate entry to $3.5 billion of these property for the good thing about the Afghan folks and for Afghanistan’s future,” the White Home stated.

The cash shall be put in a belief fund that can handle support in a manner that bypasses the Taliban authorities, whose authorities has not been acknowledged by the US.

“Greater than $3.5 billion in (Afghan) property would stay in the US and are topic to ongoing litigation by US victims of terrorism. Plaintiffs could have a full alternative to have their claims heard in court docket,” the White Home stated.

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