Thursday Jun 12, 2025
NEWSLETTER
www.israelhayom.com
  • Home
  • News
    • Gaza War
    • US Election Coverage
    • Middle East
    • Cyber & Internet
    • Business & Finance
  • Opinions
  • Jewish World
    • Archaeology
    • Antisemitism
  • Lifestyle
    • Food
    • Travel
    • Fashion
    • Culture
  • Magazine
    • Feature
    • Analysis
    • Explainer
  • In Memoriam
www.israelhayom.com
  • Home
  • News
    • Gaza War
    • US Election Coverage
    • Middle East
    • Cyber & Internet
    • Business & Finance
  • Opinions
  • Jewish World
    • Archaeology
    • Antisemitism
  • Lifestyle
    • Food
    • Travel
    • Fashion
    • Culture
  • Magazine
    • Feature
    • Analysis
    • Explainer
  • In Memoriam
www.israelhayom.com
Home News World News

US sanctions Hezbollah-linked firms, official linked to Iran

Arch Consulting and Meamar Construction are leveraged by Hezbollah to conceal money transfers to the group's own accounts, Treasury Department says. Sanctions also imposed on Sultan Khalifah As'ad, a senior Hezbollah Executive Council official.

by  News Agencies and ILH Staff
Published on  09-18-2020 06:14
Last modified: 09-18-2020 08:28
Former Hezbollah official found dead in Beirut apartmentReuters/Aziz Taher/File Photo

A supporter of Hezbollah gestures as he holds a Hezbollah flag in Marjayoun, Lebanon | File photo: Reuters/Aziz Taher/File Photo

Share on FacebookShare on Twitter

The United States on Thursday imposed sanctions on a Hezbollah official and two Lebanon-based companies as the country experiences a deep economic crisis, accusing them of being linked to the Iran-backed Shi'ite group.

The US Treasury Department in a statement said it blacklisted Arch Consulting and Meamar Construction, building on sanctions imposed this month on two former government ministers Washington accused of enabling Hezbollah.

Follow Israel Hayom on Facebook and Twitter 

Also hit with sanctions was Sultan Khalifah As'ad, who the Treasury said is a senior Hezbollah Executive Council official who provided project guidance to the companies.

"The United States remains committed to targeting Hizballah and its supporters as they corruptly abuse Lebanese resources to enrich their leaders while the Lebanese people suffer from inadequate services," Treasury Secretary Steven Mnuchin said in the statement.

The action freezes any US assets of those blacklisted and generally bars Americans from dealing with them. Those that engage in certain transactions with those designated are also at risk of being hit with secondary sanctions, the Treasury said.

Arch Consulting and Meamar Construction are leveraged by Hezbollah to conceal money transfers to the group's own accounts, enriching Hezbollah leadership, the Treasury said.

The department added that Hezbollah conspired with Lebanese officials, including former Lebanese Transport Minister Yusuf Finyanus, blacklisted this month by Washington, to direct government contracts to the companies that are overseen by Hezbollah's Executive Council.

Lebanon's Hezbollah, deemed a terrorist group by Washington, accused the US administration on Thursday of obstructing the formation of a new Lebanese government, as faltering efforts to form a Cabinet have cast doubt on prospects for a French initiative to lift the nation out of crisis.

Fifteen years after the assassination of Lebanon's Prime Minister Rafik Hariri, heavily armed group Hezbollah has risen to become the overarching power in a country that is now collapsing under a series of devastating crises.

Lebanon's banks are paralyzed, its currency has crashed and sectarian tensions are rising. On top of that, a huge port blast last month smashed a large swath of Beirut, killing more than 190 people and causing damage estimated at up to $4.6 billion.

Subscribe to Israel Hayom's daily newsletter and never miss our top stories!

Related Posts

How does pizza predict when America goes to war?AP, Reuters

How does pizza predict when America goes to war?

by ILH Staff

The Pentagon's "pizza index" has tracked late-night delivery spikes to predict military action since the 1980s; "Bottom line for journalists...

'Massacre performance' in Belgium sparks outrageNone

'Massacre performance' in Belgium sparks outrage

by Nissan Shtrauchler

Belgium’s parliament is set to debate on a controversial performance staged in central Brussels that simulated the murder of Jewish...

Finance minister hampers procurement efforts, affecting critical munitionsIDF Spokesperson's Unit

Pentagon cuts F-35 order in half for 2025 budget

by Erez Linn

The Defense Department’s decision to halve the order has not been accompanied by an official explanation, and neither Lockheed Martin...

Menu

Analysis 

Archaeology

Blogpost

Business & Finance

Culture

Exclusive

Explainer

Environment

 

Features

Health

In Brief

Jewish World

Judea and Samaria

Lifestyle

Cyber & Internet

Sports

 

Diplomacy 

Iran & The Gulf

Gaza Strip

Politics

Shopping

Terms of use

Privacy Policy

Submissions

Contact Us

About Us

The first issue of Israel Hayom appeared on July 30, 2007. Israel Hayom was founded on the belief that the Israeli public deserves better, more balanced and more accurate journalism. Journalism that speaks, not shouts. Journalism of a different kind. And free of charge.

All rights reserved to Israel Hayom

Hosted by sPD.co.il

  • Home
  • News
    • Gaza War
    • US Election Coverage
    • Middle East
    • Cyber & Internet
    • Business & Finance
    • Sports
  • Opinions
  • Jewish World
    • Archaeology
    • Antisemitism
  • Lifestyle
    • Food
    • Travel
    • Fashion
    • Culture
  • Magazine
    • Feature
    • Analysis
    • Explainer
    • Environment & Wildlife
    • Health & Wellness
  • In Memoriam
  • Subscribe to Newsletter
  • Submit your opinion
  • Terms and conditions

All rights reserved to Israel Hayom

Hosted by sPD.co.il

Newsletter

[contact-form-7 id=”508379″ html_id=”isrh_form_Newsletter_en” title=”newsletter_subscribe”]

  • Home
  • News
    • Gaza War
    • US Election Coverage
    • Middle East
    • Cyber & Internet
    • Business & Finance
    • Sports
  • Opinions
  • Jewish World
    • Archaeology
    • Antisemitism
  • Lifestyle
    • Food
    • Travel
    • Fashion
    • Culture
  • Magazine
    • Feature
    • Analysis
    • Explainer
    • Environment & Wildlife
    • Health & Wellness
  • In Memoriam
  • Subscribe to Newsletter
  • Submit your opinion
  • Terms and conditions

All rights reserved to Israel Hayom

Hosted by sPD.co.il