Biden administration freezes billions of dollars in Afghan reserves, depriving Taliban of cash - News Summed Up

Biden administration freezes billions of dollars in Afghan reserves, depriving Taliban of cash


Cutting off access to U.S.-based reserves represents among the first in what are expected to be several crucial decisions facing the Biden administration about the economic fate of that nation following the Taliban takeover. Afghanistan is already one of the poorest countries in the world and is highly dependent on American aid that is now in jeopardy. The Biden administration is also likely to face hard choices over how to manage existing sanctions on the Taliban, which may make it difficult to deliver international humanitarian assistance to a population facing ruin, experts say.


Source: Washington Post August 17, 2021 15:45 UTC



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