Lebanon News

US issues fresh sanctions on Hezbollah, Iran

A Hezbollah flag flutters as tankers carrying Iranian fuel arrive at al-Ain in Hermel in east Lebanon's Bekaa Valley on September 16, 2021. - Dozens of tankers carrying Iranian fuel and transported by the Shiite Hezbollah movement arrived from Syria in Lebanon, in the grip of severe fuel shortages. (Photo by - / AFP)

WASHINGTON: The United States said on Friday it was imposing sanctions on Lebanon and Kuwait-based financial conduits that fund the Hezbollah as well as financial facilitators and front companies that support the group and Iran.

Among individuals designated and sanctioned, the U.S. Treasury said the measures apply to businessman Morteza Minaye Hashemi, who lives in China and who had funneled money to Iran's Quds Force. Two Chinese nationals had helped Hashemi establish bank accounts and served as straw owners for his companies, which were based in Hong Kong and mainland China, according to a Treasury news release.

It named the Chinese nationals as Yan Su Xuan and Song Jing. The statement said Yan Su Xuan, on Hashemi’s behalf, also purchased U.S.-origin, dual-use products for onward shipment to Iran.

"Together, these networks have laundered tens of millions of dollars through regional financial systems and conducted currency exchange operations and trade in gold and electronics for the benefit of both Hezbollah and the IRGC-QF," U.S. Secretary of State Antony Blinken said in a statement, referring to Iran's Quds force, the arm of its Revolutionary Guards (IRGC) that controls its allied militia abroad.

"Hezbollah uses revenues generated by these networks to fund terrorist activities and to perpetuate instability in Lebanon and throughout the region," the statement said.

Blinken said Hezbollah was increasingly looking for additional sources of revenue to bolster its coffers and he called on governments around the world to take steps to ensure it and other terrorist groups do not exploit their territory and financial institutions.

"The United States will not relent in targeting these networks, and we will continue to take actions to disrupt their activities," he said.

The Treasury Department said the sanctions action would involve the seizure of U.S.-based property of the individuals and entities and prohibit all transactions with them.

 

Recommended





Advertisement

Comments

Your feedback is important to us!

We invite all our readers to share with us their views and comments about this article.

Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.

Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)

comments powered by Disqus

Advertisement

FOLLOW THIS ARTICLE

Interested in knowing more about this story?

Click here