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Reuters
Reuters
Business
Andrea Shalal and Doina Chiacu

U.S. plans to free half of $7 billion in frozen Afghan funds for aid

United States United Nations Taliban Afghanistan White House Washington D.C.
FILE PHOTO: A displaced Afghan woman holds her child as she waits with other women to receive aid supply outside an UNCHR distribution center on the outskirts of Kabul, Afghanistan October 28, 2021. REUTERS/Zohra Bensemra

The United States is seeking to free up half of the $7 billion in frozen Afghan central bank assets on U.S. soil to help the Afghan people while holding the rest to possibly satisfy terrorism-related lawsuits against the Taliban, the White House said on Friday.

President Joe Biden signed an executive order to deal with the threat of an economic collapse in Afghanistan, setting wheels in motion for a complex resolution of competing interests in the Afghan assets.

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