Biden signs executive order to try to free up frozen Afghan assets for aid
President Biden has signed an executive order aimed at taking the first steps to try to free up some $3.5 billion in frozen Afghan assets held in the U.S. to be used for humanitarian relief in Afghanistan.
But because the Taliban controls the country — and has been sanctioned as a terrorism organization — the U.S. government is looking to set up a third-party trust fund to administer and distribute the aid.
Some $7 billion in assets of the former Afghan central bank are frozen in U.S. banks. Some families...