New U.S. sanctions hit at Hezbollah financiers, funding

New U.S. sanctions hit at Hezbollah financiers, funding

WASHINGTON (Reuters) - The United States sought to further choke off funding sources for Iranian-backed Hezbollah on Thursday, sanctioning one of its financiers and its representative to Iran, as well as five entities based in Europe, West Africa and the Middle East.

It imposed sanctions on Hezbollah's financier, Mohammad Ibrahim Bazzi, and its representative to Iran, Abdallah Safi Al-Din, the Treasury Department said in a statement.

The department said it had also blacklisted Belgian energy services conglomerate Global Trading Group; Gambia-based petroleum and petroleum products company Euro African Group; and Lebanon-based Africa Middle East Investment Holding, Premier Investment Group SAL Offshore and import-export group Car Escort Services. 

"The savage and depraved acts of one of Hezbollah's most prominent financiers cannot be tolerated," U.S. Treasury Secretary Steven Mnuchin said in a statement.

"This administration will expose and disrupt Hezbollah and Iranian terror networks at every turn, including those with ties to the Central Bank of Iran," he said.

The sanctions are among a slew of new and additional ones aimed at Iran and Hezbollah since U.S. President Donald Trump withdrew from the Iran nuclear deal last week.

In one of the biggest moves aimed at tightening the noose on Iran's overseas operations and its elite revolutionary guards, the U.S. Treasury sanctioned Iran's central bank governor, Valiollah Seif, earlier this week.

On Wednesday, the United States, backed by Gulf States, imposed additional sanctions on Hezbollah's top two leaders, Sayyed Hassan Nasrallah and Naim Qassem.

(Reporting by Lesley Wroughton, Tim Ahmann and Doina Chiacu, editing by G Crosse)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: May 18, 2018 01:05 AM

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