The US State Department announced new sanctions targeting a network of international financial donors allegedly connected to the Palestinian group Hamas.
The move comes on the first anniversary of Hamas’ attack on Israel, which occurred on October 7 last year.
In a statement released by the US State Department, the government reiterated its commitment to curbing both domestic and international fundraising efforts for Hamas.
To that end, the sanctions have been applied to several entities believed to support the group financially, including a financial institution based in Gaza.
Matthew Miller, spokesperson for the US State Department, elaborated in the statement that the sanctions were placed on a financial institution controlled by Hamas, along with other prominent supporters of the group.
Among the entities sanctioned were the Production Bank, also known as the Palestinian Production Bank, the Solidarity Charity Association with the Palestinian People, registered in Italy, and Saba Trading and Investment Company, located in the Czech Republic.
This action forms part of the broader US strategy to restrict the flow of financial resources to Hamas, aiming to weaken the group’s operational capabilities.
These sanctions are expected to disrupt funding mechanisms used by Hamas to support its activities, as the US government continues its efforts to prevent the group from gaining resources through international networks.
The sanctions mark a continued push by Washington to limit the financial lifelines of organizations it deems as threats to regional and international security, reinforcing the U.S. stance on combating terrorism financing globally.
