US sanctions on global network financing Hezbollah

WASHINGTON: (Mar 21) The United States has imposed sanctions on a global financial network linked to Hezbollah, which is designated by Washington as a foreign terrorist organisation.

“Today, the United States is imposing sanctions to disrupt a global financial network that supports Hizballah (Hezbollah). This action targets individuals and entities involved in laundering and raising funds for Hizballah’s finance team through a range of companies and projects operating across the Middle East, Europe, and North America,” Tommy Pigott, Principal Deputy Spokesperson for the US Department of State, said in a statement.

He said by cutting off these financial channels, the United States is taking concrete steps to limit Hezbollah’s ability to generate revenue for terrorism and evade sanctions.