Treasury’s Yellen lauds the ‘swift and decisive’ move
The United States government unveiled fresh sanctions on 10 Hamas members and associates in the wake of the group’s Oct. 7 attack on Israel, including asset managers for the group’s investment portfolio and a virtual-currency exchange and its operator.
The Treasury Department said in a press release that the sanctioned entities will have their assets frozen and will be barred from transacting with U.S. banks. “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 Secretary of the Treasury Janet L. Yellen. “The U.S. Treasury has a long history of effectively disrupting terror finance and we will not hesitate to use our tools against Hamas.
“This investment network is directed by the highest levels of Hamas leadership and has allowed Hamas senior officials to live in luxury while ordinary Palestinians inThe Isreael-Hamas war, now in its second week, has devastated the region. Israeli strikes on Gaza have killed about 3,000 people and wounded more than 12,500 others, according to Palestinian officials, while a blockade by Israel on supplies entering Gaza has left residents without adequate food, water or fuel.
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