Wed September 19, 2018
Advertisement
Can't connect right now! retry

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!
Must Read

World

AFP
May 18, 2018

Share

Advertisement

US, Gulf Arab states place sanctions on Hizbullah leadership

WASHINGTON: The United States and six Gulf Arab states announced sanctions on Thursday on the leadership of Hizbullah, as Washington seeks to step up economic pressure on Iran and its allies in the region.

The US and Saudi-led Terrorist Financing and Targeting Centre said the sanctions were aimed at Hizbullah’s Shura Council, the powerful Lebanese militia’s decision-making council, led by the Shiite group’s secretary-general Hassan Nasrallah.

Nasrallah, Hizbullah Deputy Secretary General Naim Qasim, and three other Shura Council members were listed under the joint sanctions, which aim at freezing vulnerable assets of those named and blocking their access to global financial networks.

At the same time, the six Gulf members of the TFTC -- Saudi Arabia, Bahrain, Kuwait, Oman, Qatar, and the United Arab Emirates -- declared sanctions on another nine individuals and firms part of or linked to Hizbullah that were already blacklisted by the US Treasury.

It was the second time the year-old TFTC came together to announce sanctions on groups they call threats to regional peace. Last October, the group announced joint sanctions on top Islamic State and al-Qaeda figures in Yemen.

"The TFTC again demonstrated its great value to international security by disrupting Iran and Hizbullah’s destabilising influence in the region," said US Treasury Secretary Steve Mnuchin in a statement.

"By targeting Hizbullah’s Shura Council, our nations collectively rejected the false distinction between a so-called ‘Political Wing’ and Hizbullah’s global terrorist plotting." The move came 10 days after Hizbullah gave a strong showing in Lebanon’s elections, garnering enough seats in parliament to block any attempt by its political foes to make it disarm its militia, which rivals the Lebanese army in size and firepower.

The announcement followed two US moves in the past week to put pressure on Iran’s financial networks, including sanctions announced on Tuesday that aimed at an alleged financial pipeline that moved "hundreds of millions of dollars" from Iran’s central bank through an Iraqi bank to Hizbullah.

Advertisement

Comments

Advertisement
Advertisement

Topstory

Opinion

Newspost

Editorial

National

World

Sports

Business

Karachi

Lahore

Islamabad

Peshawar