Biden Administration Carves Up $7 Billion In Afghan Assets

111

According to a report by the Russian Satellite News Agency on the 11th, the US "New York Times" reported earlier in the day that US President Biden plans to ignore Atta's repeated demands and refuse to return the $7 billion in assets deposited by the former Afghan government in the United States. Ordered to unfreeze and "embezzle" some of the funds. The Afghan Taliban called the U.S. decision to divert the funds "theft" and "moral failure."

Mohammad Naeem, a spokesman for Atta's political office, tweeted, "The U.S. stealing of frozen funds belonging to the Afghan people and taking them for themselves shows the humanity and integrity of this country and its people. Moral decline."

Earlier in the day, an executive order signed by U.S. President Joe Biden declared that $7 billion in Afghan assets would be unfrozen, and some of the funds would be allocated to victims of 9/11 and humanitarian aid in post-war Afghanistan.

The White House said the United States will set up a trust fund in the coming months to manage $3.5 billion in relief funds for Afghans. The other half of the frozen Afghan assets will remain in the U.S. pending a court ruling on the legal claims brought by the victims of 9/11 and their families against the Taliban, even though the funds were funded with Atta. The warring former Afghan government is deposited in the United States.

According to the US official statement, the arrangement of keeping a large sum of money in the United States "is designed to benefit the Afghan people", while keeping the money out of the hands of Atta and "other malicious elements".

"As part of our ongoing work to address the humanitarian and economic crisis in Afghanistan, President Biden signed an Executive Order (EO) to assist certain U.S. assets of the Central Bank of Afghanistan (DAB)," said a statement posted on the White House website. For the benefit of the Afghan people. Pending a judicial ruling, the Biden administration will seek to facilitate access to $3.5 billion of these assets for the benefit of the Afghan people and Afghanistan’s future.”

"As some of these plaintiffs currently hold execution orders against DAB assets, the court will need to make further decisions on the scope of those executive orders," the White House said. Remaining in the United States and affected by the ongoing lawsuits by victims of terrorism in the United States, plaintiffs will have every opportunity to hear their claims in court."

In August 2021, on the eve of the U.S. withdrawal from Afghanistan, the Biden administration froze about $9.5 billion in U.S. assets (about 60.4 billion yuan) in the Central Bank of Afghanistan. The International Monetary Fund (IMF) and the World Bank have suspended operations in Afghanistan, withholding aid payments and about $340 million in special drawing rights (SDRs) allocated by the IMF last August.

The United Nations has repeatedly warned that a million children in Afghanistan, in desperate need of aid funds, are at risk of starvation this winter. The United Nations World Food Program says 95 percent of Afghan households currently do not have enough food.