As part of the United States’ efforts to disrupt Hizballah’s illicit revenue generation and isolate the terrorist group’s financial network, we are imposing sanctions on three individuals and five companies, as well as blocking two vessels that smuggle oil to generate funding for Hizballah.
The network designated today includes a senior leader of Hizballah’s illicit finance team, as well as Lebanese businessmen engaged in oil smuggling and even procurement of oil installations on behalf of Hizballah.
The United States will not waver in pursuing Hizballah. We will continue to dismantle the business networks that support it anywhere it seeks to operate.
The Department of the Treasury sanctions actions today were taken pursuant to counterterrorism authority Executive Order 13224, as amended. For more information, see Treasury’s press release.
Official news published at https://www.state.gov/targeting-hizballahs-oil-smuggling-network/
