US President Joe Biden confiscated $ 7 billion in assets from the previous Afghan government on Friday to use the proceeds to compensate victims of the 9/11 terrorist attacks and help Afghanistan.
Biden confiscated the funds by decree. The money had been stuck in the Federal Reserve Bank of New York since the fall of the US-backed Afghan government and the rise of the Taliban last summer.
A senior U.S. official said Biden would try to divert $ 3.5 billion of that money to humanitarian aid to Afghanistan and make the rest available to victims of the September 11, 2001 terrorist attacks.
$ 3.5 billion is planned to be invested in a trust fund that will manage the aid to bypass the Taliban.
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