US freezes Afghan reserves to block Taliban access to funds

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Washington

The Biden administration froze about $9.5 billion of the Afghan government’s reserves in US banks on Sunday after the Taliban seized Kabul, according to US media reports.

The undeclared action was first reported by The Washington Post on Tuesday. The Post reported that US Treasury Secretary Janet Yellen and personnel at the Treasury’s Office of Foreign Assets Control had decided to freeze the accounts.

“Any central bank assets the Afghan government have in the United States will not be made available to the Taliban,” an administration official told the newspaper in a statement.—Agencies

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