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

Palestinian students supporting Hamas wave the movement's flag as they celebrate a victory in student elections at Birzeit University. (File/AFP)
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Updated 24 May 2022
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US sanctions Hamas official and financial network, Treasury Dept. says

  • Sanctions target Hamas’ Investment Office, which holds assets estimated to be worth more than $500 million

WASHINGTON: The United States on Tuesday 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 Treasury Department said.
The sanctions target Hamas’ Investment Office, which holds assets estimated to be worth more than $500 million.
“Hamas has generated vast sums of revenue through its secret investment portfolio while destabilizing Gaza, which is facing harsh living and economic conditions,” said Elizabeth Rosenberg, Assistant Secretary of the Treasury for Terrorist Financing and Financial Crimes.
There was no immediate comment from Hamas, which rules the Gaza Strip and is deemed a terrorist group in the West and by Israel.
The Hamas official sanctioned is Abdallah Yusuf Faisal Sabri, a Jordanian national and accountant who has worked in Hamas’ finance ministry for several years, the Treasury Department said.


UN urges Middle East warring parties to ‘give peace a chance’

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UN urges Middle East warring parties to ‘give peace a chance’

  • The United Nations rights chief called on Friday for cool heads to prevail in the Middle East and urged the warring sides to pull back and give peace a chance
GENEVA: The United Nations rights chief called on Friday for cool heads to prevail in the Middle East and urged the warring sides to pull back and give peace a chance.
“The world urgently needs to see steps to contain and extinguish this blaze — but instead we are only seeing more inflammatory, bellicose rhetoric, more bombings, more destruction, killings and escalation, that fuels it further,” Volker Turk told reporters.
“I urge the states involved to take immediate steps to de-escalate, to give peace a chance. And on other states to call clearly on those involved to pull back. Cool heads must prevail if we are to prevent further terror and devastation for civilians.”