US sanctions Hamas official and financial network, Treasury Dept. says

WASHINGTON, 25 May 2022, (TON): Treasury Department said “the United States imposed sanctions on a Hamas finance official and a network of financial facilitators and companies that have generated revenue for the Palestinian militant group.”

The sanctions target Hamas’ Investment Office, which holds assets estimated to be worth more than $500 million.

Elizabeth Rosenberg, Assistant Secretary of the Treasury for Terrorist Financing and Financial Crimes, said “Hamas has generated vast sums of revenue through its secret investment portfolio while destabilizing Gaza, which is facing harsh living and economic conditions.”

There was no immediate comment from Hamas, which rules the Gaza Strip and is deemed a terrorist group in the West and by Israel.

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