US sanctions Hamas officials and financial network - Treasury Dept

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

 HAMAS SUPPORTERS attend a protest to support Al-Aqsa mosque, in Gaza, last month.  (photo credit: MOHAMMED SALEM/REUTERS)
HAMAS SUPPORTERS attend a protest to support Al-Aqsa mosque, in Gaza, last month.
(photo credit: MOHAMMED SALEM/REUTERS)

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

The sanctions target Hamas' Investment Office, which holds assets estimated to be worth more than $500 million, including companies operating in Sudan, Turkey, Saudi Arabia, Algeria and the United Arab Emirates, the department said in a statement.

"Hamas has generated vast sums of revenue through its secret investment portfolio while destabilizing Gaza, which is facing harsh living and economic conditions," said Elizabeth Rosenberg, Assistant Secretary of the Treasury for Terrorist Financing and Financial Crimes.

A Hamas official, Sami Abu Zuhri, denied the US allegations.

"The US allegations are incorrect and they come in the course of siding with the Israeli occupation and spreading its false allegations," Abu Zuhri said.

 The United States Department of the Treasury is seen in Washington, DC, US, August 30, 2020. (credit: Andrew Kelly/Reuters) The United States Department of the Treasury is seen in Washington, DC, US, August 30, 2020. (credit: Andrew Kelly/Reuters)

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

The companies sanctioned 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.