The United States has imposed sanctions on a Hamas finance official and a network of financial intermediaries and companies that generate financial revenue for the Gaza-run Islamic movement. On Tuesday, Elizabeth Rosenberg, Assistant Secretary of the US Treasury for Terrorist Financing and Financial Crimes said in a press statement "the sanctions target Hamas' Investment Office, which holds assets estimated to be worth more than US$500 million, including companies operating in Sudan, Turkey, Saudi Arabia, and Algeria." "Hamas has reaped huge revenues through its secret investment portfolio while destabilising Gaza, which is facing harsh living and economic conditions,"
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