The U.S. imposed sanctions on the Islamic Republic of Iran have dried up a large portion of the funding allocated to Hezbollah.
In the meantime, Bloomberg News reported that the U.S. Treasury Department has imposed sanctions on Hezbollah officials for what it calls a "Malign agenda" to provide support to the IRGC. The U.S. Treasury Department added Amin Sherri, and Mohammad Ra'd, who are members of Lebanon's parliament, as well as, Wafiq Safa, a security official, to the sanction list for acting for or on behalf of Hezbollah.
Sigal Mandelker, U.S. Treasury top sanctions official stated that, "Hezbollah uses its operatives in Lebanon's parliament to manipulate institutions in support of the terrorist group's financial and security interests, and to bolster Iran's malign activities." Hezbollah has hitherto been able to use the Lebanese state financial institutions to gain access to the U.S. financial system, and thus launder money and evade sanctions.
U.S. sanctions are not only aimed directly at Hezbollah's patron, the Iranian regime, but it also seeks to impact the Party of God.
With the U.S. sanctions imposed last October, Hezbollah is seeking to cut expenses by channeling its loyalists on its payroll to seek jobs in the Lebanese government bureaucracy.
In addition to the burdensome U.S. sanctions which contributed to the current economic crisis faced by Hezbollah, its adventurous deployment of Hezbollah fighters in Syria to insure the survival of the Syrian dictator Bashar Assad, has become a serious financial hardship.
Hezbollah's Secretary-General Nasrallah has committed himself to support the families of about 2,000 Hezbollah fighters killed in Syria.
https://www.frontpagemag.com/fpm/274282/impact-us-sanctions-hezbollah-joseph-puder
In the meantime, Bloomberg News reported that the U.S. Treasury Department has imposed sanctions on Hezbollah officials for what it calls a "Malign agenda" to provide support to the IRGC. The U.S. Treasury Department added Amin Sherri, and Mohammad Ra'd, who are members of Lebanon's parliament, as well as, Wafiq Safa, a security official, to the sanction list for acting for or on behalf of Hezbollah.
Sigal Mandelker, U.S. Treasury top sanctions official stated that, "Hezbollah uses its operatives in Lebanon's parliament to manipulate institutions in support of the terrorist group's financial and security interests, and to bolster Iran's malign activities." Hezbollah has hitherto been able to use the Lebanese state financial institutions to gain access to the U.S. financial system, and thus launder money and evade sanctions.
U.S. sanctions are not only aimed directly at Hezbollah's patron, the Iranian regime, but it also seeks to impact the Party of God.
With the U.S. sanctions imposed last October, Hezbollah is seeking to cut expenses by channeling its loyalists on its payroll to seek jobs in the Lebanese government bureaucracy.
In addition to the burdensome U.S. sanctions which contributed to the current economic crisis faced by Hezbollah, its adventurous deployment of Hezbollah fighters in Syria to insure the survival of the Syrian dictator Bashar Assad, has become a serious financial hardship.
Hezbollah's Secretary-General Nasrallah has committed himself to support the families of about 2,000 Hezbollah fighters killed in Syria.
https://www.frontpagemag.com/fpm/274282/impact-us-sanctions-hezbollah-joseph-puder
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