Biden to share $7 billion in funds frozen in Afghanistan to compensate 9/11 victims
President BidenJoe BidenBriahna Joy Gray Slams Biden Administration Following Community College Funding News Biden Says States Are Easing ‘Likely Premature’ Mask Mandates Friday is expected to sign an executive order that will distribute $7 billion in funds frozen in Afghanistan through the U.S. banking system to compensate 9/11 victims and create a trust fund for humanitarian assistance to the country, officials familiar with the situation said. told the New York Times.
When the Taliban took control of Afghanistan last August, the United States froze the $7 billion in funds the country held in the Federal Reserve Bank of New York. The Taliban demanded that the funds be made available to them, while 9/11 victims said the money should be used to compensate them.
Biden’s executive order should split the $7 billion so that $3.5 billion can go to victims while the remaining $3.5 billion can still be used to provide aid in Afghanistan without directly helping the terror group labeled by the United States, the Times reported.
After the September 11 terrorist attacks, the victims won a default trial against the Taliban and al-Qaeda with a judge saying the terrorist organizations owed the victims $7 billion. At the time, it seemed impossible for the victims to get this money.
However, after Afghanistan fell to the Taliban in September, 150 relatives of those who died in the attacks rallied and asked a judge to issue a ‘writ of execution’ to the reserve’s legal department. , according to the Times.
Since the time reported On Biden considering using the $7 billion to repay victims in November, other victims of the attacks have rallied to seek compensation.
Lawyers for the victims in the case are the ones who offered to split the funds as Afghanistan has been suffering from severe economic problems since the Taliban took over.
The country is suffering from food shortages and other needs as the United States has worked to provide aid without giving money directly to the Taliban.
The group had hoped that the United States would ease its policy towards them since taking control of the war-torn country, but the United States has maintained its tough stance against the terrorist organization.