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.
© Agence France-Presse