US sanctions official and financial network of Hamas

WASHINGTON — The United States on Tuesday imposed sanctions on a Hamas finance official and a network of financial facilitators and businesses that generated revenue for the Palestinian militant group, the Treasury Department said.

The sanctions target Hamas’ investment office, which has assets estimated at more than $500 million, including companies operating in Sudan, Turkey, Saudi Arabia, Algeria and the United Arab Emirates, the official said. department in a press release.

“Hamas has generated enormous revenue through its covert investment portfolio while destabilizing Gaza, which faces difficult living and economic conditions,” said Elizabeth Rosenberg, assistant secretary of the Treasury for Terrorism Financing and financial crimes.

There was no immediate comment from Hamas, which rules the Gaza Strip and is considered a terrorist group in the West and by Israel.

The sanctioned Hamas official is Abdallah Yusuf Faisal Sabri, a Jordanian national and Kuwait-based accountant who worked in Hamas’ finance ministry for several years, the Treasury Department said.

The sanctioned companies included Sudan-based Agrogate Holding, Algeria-based Sidar Company, UAE-based Itqan Real Estate JSC, Turkey-based Trend GYO and Saudi Arabia-based Anda Company, the department added.