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Home News Middle East

US imposes more sanctions on Hezbollah-linked Lebanese firms

Sanctions are also imposed on ten Lebanese nationals who are allegedly part of an international Hezbollah network.

by  Reuters and ILH Staff
Published on  01-23-2022 07:15
Last modified: 01-23-2022 07:15
US imposes more sanctions on Hezbollah-linked Lebanese firmsAFP/Mahmoud Zayyat

Lebanese Hezbollah fighters march with portraits of Iranian leaders during a parade on Feb. 14, 2015 in the southern Lebanese town of Jibsheet (AFP/Mahmoud Zayyat/File) | Photo: AFP/Mahmoud Zayyat

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The United States on Friday imposed sanctions on three Lebanese nationals and 10 companies it said were part of an international Hezbollah network, accusing them of evading sanctions on the group with an armed militia that is designated as a Foreign Terrorist Organization by Washington.

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The US Treasury Department in a statement said it designated Adnan Ayad – who it said was a Hezbollah member and businessman – and other members of an international network of facilitators and companies connected to him and his business partner, Adel Diab, who was designated by Washington earlier in the week.

Friday's move comes after the US on Tuesday imposed sanctions on three businessmen – including Diab – with ties to Hezbollah, saying their activity as financial facilitators for the Iran-backed group was exploiting Lebanon's economic resources at a time of crisis for that country.

"Treasury is committed to disrupting Hezbollah's illicit activity and attempts to evade sanctions through business networks while the group doubles down on corrupt patronage networks in Lebanon," Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian Nelson said in the statement on Friday.

Lebanon's economy has been in crisis since 2019 when it collapsed under a mountain of debt. Its currency plunged to a new low last week, and swaths of the country have been driven into poverty.

The country's Cabinet will hold its first meeting in three months next week, local media reported on Monday, after Hezbollah and another group – Amal – ended their boycott of the Cabinet over the weekend.

The two groups, which back several ministers, had been boycotting the Cabinet in a dispute over the conduct of an investigation into a massive explosion at the port of Beirut in 2020.

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Tags: HezbollahLebanon

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