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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

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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.

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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.

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