WASHINGTON: The United States on Tuesday imposed sanctions against a gold exchange it said facilitates Iranian financial support to Hezbollah, the Lebanese Shiite movement that has been battered by Israel.
The Treasury Department said the targeted gold exchange was part of Al-Qard Al-Hassan, a Hezbollah financial institution already under US sanctions and whose branches were bombed by Israel in 2024 strikes.
“Hezbollah is a threat to peace and stability in the Middle East,” Treasury Secretary Scott Bessent said in a statement.
“Treasury will work to cut these terrorists off from the global financial system to give Lebanon a chance to be peaceful and prosperous again.”
The Treasury Department imposed sanctions on the gold exchange, Jood Sarl, which it said “masquerades as a non-governmental organization” and is used to ensure Hezbollah’s cash flow from Iran.
It also said it was imposing sanctions on a number of individuals or entities, including a Russian national, for working on Hezbollah’s finances.
The sanctions freeze any assets in the United States and make financial transactions with the listed entities a crime.
Israel struck a major blow against Hezbollah in the 2024 war, killing its longtime leader Hassan Nasrallah, a year after Hamas, another group backed by Iran, carried out a devastating attack against Israel.
In accordance with a truce, the Lebanese army said it had disarmed Hezbollah in an area close to the Israeli border. But Hezbollah has refused to surrender further arms and Israel says progress is insufficient, keeping up periodic attacks.
US sanctions target alleged Hezbollah gold exchange
https://arab.news/b99rg
US sanctions target alleged Hezbollah gold exchange
- Treasury Department says the exchange was part of Al-Qard Al-Hassan, a Hezbollah financial institution already under US sanctions
Head of Gaza technocrat committee in Washington for ‘Board of Peace’ meeting: Palestinian officials
- Shaath is scheduled to deliver a speech outlining the general framework of his plan for the first 100 days
- Around two dozen world leaders and senior officials have traveled to Washington for the meeting
GAZA CITY, Palestinian Territories: The head of the Palestinian technocratic committee formed to handle day-to-day governance of Gaza, Ali Shaath, was in Washington Thursday to attend the inaugural “Board of Peace” meeting, two Palestinian officials told AFP.
“Ali Shaath... arrived in Washington at dawn today to participate in the Washington meeting of the Board of Peace,” a source familiar with the committee told AFP.
“Shaath is scheduled to deliver a speech outlining the general framework of his plan for the first 100 days. He is accompanied by the committee’s official in charge of the finance portfolio,” the source added.
A committee member confirmed to AFP that Shaath had arrived “following an invitation he received yesterday to attend the Washington meeting.”
Around two dozen world leaders and senior officials have traveled to Washington for the meeting, which was set up after the Trump administration, along with Qatar and Egypt, negotiated a ceasefire in October to halt two years of war in Gaza.
Around two dozen world leaders and senior officials have traveled to Washington for the inaugural meeting of the “Board of Peace,” which was set up after the Trump administration, along with Qatar and Egypt, negotiated a ceasefire in October to halt two years of war in Gaza.
At Thursday’s meeting, Trump is expected to detail pledges of more than $5 billion for Gaza.
The meeting will also look at how to launch the International Stabilization Force that will ensure security in Gaza.
