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US, Britain, Australia Impose Fifth Round of Sanctions on Hamas

Sanctions Target Financial Networks, Aim to Cut Off Funding from Iran

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Overview

  • The United States, Britain, and Australia have imposed a fifth round of sanctions against Hamas, targeting the group's financial networks.
  • The sanctions are aimed at cutting off funding to Hamas, including from Iran, and disrupting the financial networks that sustain the group's operations.
  • The sanctions target key financial officials in Gaza who have handled millions of dollars in Iranian transfers to Hamas in recent years.
  • The measures include asset freezes, travel bans, and arms embargoes on five key figures and an entity involved in the leadership and financial networks of Hamas and Palestinian Islamic Jihad.
  • The sanctions come in response to the unprecedented October 7 attack by Hamas on Israel, which killed about 1,140 people, and the subsequent Israeli counteroffensive in Gaza, which has killed more than 25,000 people.