{"id":32098,"date":"2023-10-19T22:49:50","date_gmt":"2023-10-19T22:49:50","guid":{"rendered":"https:\/\/innodebt.com\/investing\/treasury-says-hamas-leaders-live-in-luxury-as-it-unveils-new-sanctions\/"},"modified":"2023-10-19T22:49:51","modified_gmt":"2023-10-19T22:49:51","slug":"treasury-says-hamas-leaders-live-in-luxury-as-it-unveils-new-sanctions","status":"publish","type":"post","link":"https:\/\/innodebt.com\/?p=32098","title":{"rendered":"Treasury says Hamas leaders \u2018live in luxury\u2019 as it unveils new sanctions"},"content":{"rendered":"
\n

The U.S. government unveiled fresh sanctions on 10 Hamas members and associates in the wake of the group\u2019s attack on Israel, including asset managers for the group\u2019s investment portfolio and a virtual-currency exchange and its operator. <\/p>\n

The Treasury Department said in a press release that the sanctioned entities will have their assets frozen and will be barred from transacting with U.S. banks. <\/p>\n

\n

\u201cThe United States is taking swift and decisive action to target Hamas\u2019s financiers and facilitators following its brutal and unconscionable massacre of Israeli civilians, including children,\u201d said Treasury Secretary Janet Yellen. \u201cThe U.S. Treasury has a long history of effectively disrupting terror finance and we will not hesitate to use our tools against Hamas.\u201d<\/p>\n

See:<\/strong> Funding Hamas: Crypto, Iran in Washington\u2019s crosshairs<\/p>\n

Treasury said that the group\u2019s \u201csecret investment portfolio\u201d of investments around the world \u201cgenerates vast sums of revenue,\u201d and that its assets in countries ranging from Sudan to Turkey are worth hundreds of millions of dollars. <\/p>\n

\u201cThis investment network is directed by the highest levels of Hamas leadership and has allowed Hamas senior officials to live in luxury while ordinary Palestinians in
Gaza struggle in harsh living and economic conditions,\u201d according to the release. <\/p>\n

The Israel-Hamas war, underway since the stunning Oct. 7 incursion by the extremist group that governs Gaza, has devastated the region. Israeli strikes on Gaza have killed about 3,000 people and wounded more than 12,500 others,\u00a0according to Palestinian officials, while a blockade by Israel on supplies entering Gaza\u00a0has left residents without adequate food, water or fuel. Hamas\u2019s attack on Israel killed at least 1,400 people, according to Israeli officials.<\/p>\n

Read on:<\/strong> Yellen says U.S. can simultaneously support Israel and Ukraine war aims<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The U.S. government unveiled fresh sanctions on 10 Hamas members and associates in the wake of the group\u2019s attack on Israel, including asset managers for the group\u2019s investment portfolio and a virtual-currency exchange and its operator. The Treasury Department said in a press release that the sanctioned entities will have their assets frozen and will […]<\/p>\n","protected":false},"author":1,"featured_media":32099,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[32],"tags":[],"class_list":{"0":"post-32098","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"\nTreasury says Hamas leaders \u2018live in luxury\u2019 as it unveils new sanctions | Innodebt<\/title>\n<meta name=\"description\" content=\"The U.S. government unveiled fresh sanctions on 10 Hamas members and associates in the wake of the group\u2019s attack on Israel, including asset managers for\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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