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Headline Roundup February 13th, 2022

Biden To Split $7B Of Frozen Afghan Funds Between Humanitarian Efforts and 9/11 Families

Summary from the AllSides News Team

President Joe Biden signed an executive order on Friday allowing $7 billion in frozen assets from Afghanistan's central bank to be equally distributed between humanitarian efforts for the Afghan people and the families of 9/11 victims.

The funds were frozen in U.S. reserves after the central government in Afghanistan collapsed at the hands of the Taliban back in August. Biden, who said he stood "squarely behind" his decision to withdraw from Afghanistan, said his administration will ask a judge for permission to move $3.5 billion of the assets to a trust fund for the ongoing American humanitarian relief to Afghan citizens. The other $3.5 billion will temporarily remain in holding for families of 9/11 victims that have been pursuing financial compensation from the Taliban. In recent weeks, many outlets have reported on the extreme hunger crisis occurring in Afghanistan. According to the UNICEF World Food Program, it would cost the U.S. about $220 million a month to meet "the food and nutrition needs" of the 23 million Afghans currently facing acute hunger. 

Left-rated outlets were more likely to promote stories that highlighted the "growing animosity" among the Afghan people who generally believe U.S. sanctions have done little to punish the Taliban, while ordinary citizens face an economic and humanitarian crisis. Right-rated outlets were more likely to emphasize how another $2 billion of Afghan assets remain frozen in other countries

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Biden to divide $7B in frozen Afghan funds for terror victims, humanitarian relief
Biden to divide $7B in frozen Afghan funds for terror victims, humanitarian relief

Associated Press/Alex Brandon

News

President Biden signed an executive order on Friday intended to free up $7 billion in assets from Afghanistan’s central bank being held in the U.S., half of which could go to humanitarian assistance in Afghanistan and the other half for compensation to the families of 9/11 victims. 

The White House said in a release that the executive order is “designed to provide a path for the funds to reach the people of Afghanistan while keeping them out of the hands of the Taliban and malicious actors.” 

In signing the executive order, Biden is...

Open on The Hill
Biden Orders Frozen Afghan Funds Split Between Aid to Afghanistan and 9/11 Victims
Biden Orders Frozen Afghan Funds Split Between Aid to Afghanistan and 9/11 Victims

(Win McNamee/Getty Images)

News

President Joe Biden signed an executive order Friday that will steer frozen assets from Afghanistan’s central bank toward both addressing the ongoing humanitarian crisis in the country and compensating Sept. 11 victims.

The funds were frozen and held in the United States in the wake of the U.S. troop withdrawal and subsequent collapse of the government in Kabul in August.

The order requires the U.S. financial institutions holding the funds to transfer them into a consolidated account held at the Federal Reserve Bank of New York.

The total $7 billion—largely made up of...

Open on The Epoch Times
Spurning Demand by the Taliban, Biden Moves to Split $7 Billion in Frozen Afghan Funds
Spurning Demand by the Taliban, Biden Moves to Split $7 Billion in Frozen Afghan Funds

Victor J. Blue for The New York Times

News

President Biden is starting to clear a legal path for relatives of victims of the Sept. 11, 2001, attacks to pursue $3.5 billion that Afghanistan’s central bank had deposited in New York before the Taliban takeover, while also seeking to steer a roughly equal amount toward spending to aid the Afghan people.

Beginning that process, Mr. Biden issued an executive order Friday morning invoking emergency powers to consolidate and freeze all $7 billion of the total assets the Afghan central bank kept in New York. The administration said it would ask a judge for...

Open on New York Times (News)

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