Biden Frees Frozen Afghan Billions for Relief, 9/11 Victims

President Joe Biden

WASHINGTON (AP) — President Joe Biden has signed an executive order to split $7 billion in Afghan assets frozen in the U.S. to fund humanitarian relief in Afghanistan and create a trust fund to compensate Sept. 11 victims.

The order calls for U.S. financial institutions to facilitate access to $3.5 billion for Afghan relief.

The other $3.5 billion would remain in the U.S. and be used to fund ongoing litigation by U.S. victims of terrorism.

A Taliban spokesman criticized Biden for not releasing all the funds to Afghanistan.

The White House says the order “is designed to provide a path for the funds to reach the people of Afghanistan.”

By AAMER MADHANI and KATHY GANNON, The Associated Press
About Grady Culhane

Grady Culhane is a Cape Cod native from Eastham. He studied media communications at Cape Cod Community College and joined the News Center in 2019.
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