The Biden administration imposed sanctions on Wednesday with the aim of disrupting Hamas’ financial operations. These sanctions specifically targeted a clandestine Hamas investment portfolio, a financial facilitator associated with Iran, and a virtual currency exchange based in Gaza, among other entities.
Under a terrorism-related executive order, sanctions were imposed on nine individuals and one entity located in Gaza and various other locations, including Sudan, Turkey, Algeria, and Qatar, as stated by the U.S. Department of Treasury.
“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 Treasury Secretary Janet Yellen said.
“We will continue to take all steps necessary to deny Hamas terrorists the ability to raise and use funds to carry out atrocities and terrorize the people of Israel,” Yellen added.
The Treasury’s actions coincided with U.S. President Joe Biden’s visit to Israel and his meeting with Israeli Prime Minister Benjamin Netanyahu, which followed the October 7th attack by Hamas.
