US has no plans to release billions in Afghan assets, Treasury says | Malay Mail

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WASHINGTON, Sept 3 — The Biden administration has no plans to release billions in Afghan gold, investments and foreign currency reserves parked in the United States that it froze after the Taliban’s takeover, despite pressure from humanitarian groups and others who say the cost may be the...

The Treasury Department is not easing sanctions on the Taliban or loosening restrictions on their access to the global financial system, a spokesperson told Reuters.

Shah Mehrabi, an economics professor in Maryland and long-time member of the Afghan central bank’s board, a senior Russian official and humanitarian groups are among those urging the US Treasury to also unfreeze the Afghan assets, saying that lives are at stake. The Bank for International Settlements, which experts say also holds some US$700 million of Afghanistan’s reserves, declined to comment, saying it was its policy not to “acknowledge or discuss banking relationships.”

 

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