The US State Department announces fresh sanctions on Hezbollah operatives it accuses of continuing “to exploit Lebanon’s informal financial sector” to generate revenue for the Iran-backed terror group.
The US Treasury says the sanctions will apply to gold exchange company Jood SARL as well as Russian national Andrey Viktorovich Borisov, Lebanon’s Mohamed Nayef Maged and several shipping companies.
“These actors have supported sanctions evasion schemes involving Hezbollah-controlled financial institution Al-Qard Al-Hassan (AQAH) and an Iran-based Hezbollah finance team operative,” the statement from the State Department adds.
The move is part of US President Donald Trump’s “government policy of maximum pressure against Iran’s regime and its terrorist proxies,” it adds.
Treasury Secretary Scott Bessent says that Hezbollah “is a threat to peace and stability in the Middle East,” and that the US will “work to cut these terrorists off from the global financial system to give Lebanon a chance to be peaceful and prosperous again.”
Help us report truthfully on social media
As a multimedia journalist, my job is to take the quality, fact-based journalism produced by The Times of Israel newsroom and make it accessible across every platform — from Instagram posts to podcasts to short-form videos.
This is how many, especially young people, consume news these days. But misinformation is rampant on social media. Our team at ToI produces accurate, responsible short-form reporting on Israel and the Jewish world.
If you believe in the importance of factual social media journalism, please consider joining our reader support group, The Times of Israel Community. Your financial support is essential to sustain responsible multimedia reporting.
— Gabriella Jacobs, multimedia journalist
Support our work
Support our work
Already a member? Sign in to stop seeing this
You're a dedicated reader
We’re really pleased that you’ve read X Times of Israel articles in the past month.
That’s why we started the Times of Israel - to provide discerning readers like you with must-read coverage of Israel and the Jewish world.
So now we have a request. Unlike other news outlets, we haven’t put up a paywall. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community.
For as little as $6 a month you can help support our quality journalism while enjoying The Times of Israel AD-FREE, as well as accessing exclusive content available only to Times of Israel Community members.
Thank you,
David Horovitz, Founding Editor of The Times of Israel
Join Our Community
Join Our Community
Already a member? Sign in to stop seeing this