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- Sanctions target Hamas鈥� 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鈥� Investment Office, which holds assets estimated to be worth more than $500 million.
鈥淗amas has generated vast sums of revenue through its secret investment portfolio while destabilizing Gaza, which is facing harsh living and economic conditions,鈥� 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鈥� finance ministry for several years, the Treasury Department said.