Biden seizes US$7b in Afghan assets
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Title : Biden seizes US$7b in Afghan assets
Category : World
File picture shows US President Joe Biden holding a formal news conference in the East Room of the White House, in Washington, DC January 19, 2022. — Reuters pic Follow us on Instagram and subscribe to our Telegram channel for the latest updates. WASHINGTON, Feb 11 — President Joe Biden seized US$7 billion in assets belonging to the previous Afghan government today with the aim of splitting the funds between victims of the 9/11 attacks and desperately needed aid for post-war Afghanistan.Biden formally seized the assets in an executive order. The money had been stuck in the New York Federal Reserve since the fall of the US-backed government in Kabul and takeover by the Taliban insurgency that fought US-led forces for 20 years.A senior US official said Biden will seek authority to funnel US$3.5 billion of that into a humanitarian aid trust fund for Afghans, with the rest becoming …
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