Wednesday, October 27, 2021

US and Qatar sanction Iran-backed Hezbollah financial network

The US Treasury Department and Qatar have issued joint sanctions on members of the network that finances the Iran-backed terrorist group Hezbollah.

In a statement on September 29, Office of Foreign Asset Control (OFAC) director Andrea M. Gaki said Hezbollah had “abused”[ed] The international financial system by developing a global network of financiers to replenish its coffers and support its terroristic activity.

“The cross-border nature of this Hezbollah financial network underscores the importance of our continued cooperation with international partners, such as the government of Qatar, the US, and to protect international financial systems from terrorist abuse,” Gacky said. added using. Hezbollah.

The Foreign Asset Control Office has imposed sanctions on seven residents of the Gulf, including Ali al-Banai and a Qatari company, Aldar Properties, which allegedly provided financial aid to Hezbollah.

According to the statement, Ali al-Banai has held regular meetings with Hezbollah officials in Lebanon and Iran, and has transferred tens of millions of dollars to Hezbollah through Kuwait-based donors and the Kuwait-based branch of the Martyrs Foundation. was established to provide Financial assistance to the families of terrorists killed or imprisoned in the Palestinian Territories, including suicide bombers.

Suleiman al-Banai, the owner of the approved Aldar property, was the primary manager of Ali Al-Banai’s business and financial activity in Qatar and abroad.

OFAC will stop any financial transaction involving the assets of approved parties who will no longer have access to the US financial system. Similar measures will apply in Qatar.

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US Secretary of State Antony J. Blinken said the sanctions were “one of the most important joint actions ever taken with a Gulf Cooperation Council (GCC) partner.”

Blinken called on other governments to follow suit and designate, ban or ban the Hezbollah movement.

The United States designated Hezbollah as a terrorist organization in 1997, along with the Gulf Cooperation Council in 2016.

Earlier this month, OFAC issued similar sanctions on Hezbollah financiers in Lebanon and Kuwait.

Prior to the joint sanctions, Qatar also coordinated with the United States earlier this month when Qatari officials assisted in the evacuation of Americans from Afghanistan.

Hezbollah’s fuel imports ‘violating Lebanon’s sovereignty’

Last month, Hezbollah leader Hassan Nasrallah blamed US sanctions for the worsening economic crisis in Lebanon.

In its economic depression, Lebanon has seen food and fuel shortages as well as 400 percent inflation. The World Bank in its 2021 spring report estimated that more than half of the country’s population was below the national poverty line.

Meanwhile Hezbollah is importing Iranian fuel shipments into Lebanon, an act that violates Lebanon’s sovereignty.

When asked about Hezbollah’s imports in an interview with CNN, Lebanese Prime Minister Najib Mikati said, “I am sad about the violation of Lebanese sovereignty, but I have no fear of sanctions on Lebanon, because The operation took place in isolation from the Lebanese government.”



This News Originally From – The Epoch Times

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