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Amid humanitarian crisis in Afghanistan, US rules out releasing billions in frozen funds

Added 08-16-22 02:17:01pm EST - “The Biden administration has decided it won't release any of the roughly $7 billion in U.S.-based assets held by Afghanistan's central bank, according to State Department spokesman Ned Price."We don't see recapitalization of the Afghan…” - Theblaze.com

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Posted By TheNewsCommenter: From Theblaze.com: “Amid humanitarian crisis in Afghanistan, US rules out releasing billions in frozen funds”. Below is an excerpt from the article.

The Biden administration has decided it won’t release any of the roughly $7 billion in U.S.-based assets held by Afghanistan’s central bank, according to State Department spokesman Ned Price.

“We don’t see recapitalization of the Afghan central bank as a near-term option.” Price said. The assets were frozen after American forces withdrew from Afghanistan a year ago, reports Bloomberg.

In February, President Biden issued an executive order allocating half of the money to families of the victims of the 9/11 attacks, while reserving the remainder for “the benefit of the Afghan people.”

The White House was considering using the remaining $3.5 billion to pay for humanitarian aid and to support the struggling Afghan central bank, provided the bank could guarantee how that money would be used. Both options are “currently off the table,” reports the Wall Street Journal.

Officials said the decision was made after al Qaeda leader Ayman al-Zawahiri was killed in a CIA-operated drone strike in Kabul. Top U.S. envoy Tom West told the Wall Street Journal that the “Taliban’s sheltering of al Qa’ida leader Ayman al-Zawahiri reinforces deep concerns we have regarding diversion of funds to terrorist groups.”

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