US Imposes Sanctions on Hamas Members and Financial Network Over Attack on Israel

         

Summary: The US has announced sanctions against a group of 10 Hamas members and the Palestinian militant organization’s financial network in response to the attack on Israel. President Joe Biden has tried to ease tensions in the escalating war between Israel and Hamas, but faced setbacks. The Treasury Department’s Office of Foreign Assets Control has targeted individuals and entities involved in managing Hamas investments, facilitating financial activities, and commanding the group. Treasury Secretary Janet Yellen stated that the US is taking decisive action to target Hamas’s financiers and facilitators.

The US has imposed sanctions on a group of 10 Hamas members and the Palestinian militant organization’s financial network across several countries including Gaza, Sudan, Turkey, Algeria, and Qatar. The move comes in response to the surprise attack on Israel that resulted in over 1,000 deaths and kidnappings. President Joe Biden, who recently arrived in the Middle East to show his support for Israel, has been trying to calm tensions in the ongoing conflict between Israel and Hamas. However, these efforts have faced significant setbacks, such as the deadly explosion at a Gaza hospital that claimed the lives of approximately 500 people.

Treasury Secretary Janet Yellen has emphasized the seriousness of the situation, stating that the US is taking swift and decisive action to target Hamas’s financiers and facilitators following the brutal attack on Israeli civilians, including children. The Treasury Department’s Office of Foreign Assets Control has singled out individuals and entities involved in managing Hamas’s investment portfolio, a Qatar-based financial facilitator with ties to the Iranian regime, a key Hamas commander, and a Gaza-based virtual currency exchange.

Brian Nelson, the U.S. Treasury’s under secretary for terrorism and illicit finance, has called on American allies and the private sector to join in the effort to disrupt Hamas funding streams. He warned that institutions or jurisdictions failing to take appropriate action will face consequences. Nelson emphasized the US’s determination to stop money from flowing through the international system for Hamas’s terrorist activities. He stated that while they want to partner with willing countries and financial entities, those that fail to act should be ready to face the repercussions.

In response to the attack, the leader of Hamas’s military wing, Mohammed Deif, explained that it was a response to various factors, including the long-standing blockade of Gaza, Israeli raids in the West Bank, increasing settler attacks on Palestinians, and the expansion of settlements. Deif called the attack the beginning of Operation Al-Aqsa Storm and urged Palestinians from various regions to join the fight.

Tags: US sanctions, Hamas members, financial network, Israel attack, Joe Biden, Middle East, Gaza conflict, Terrorist financing, Hamas leader, Operation Al-Aqsa Storm

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