U.S. sanctions Lebanese businessman, his companies over Hezbollah links

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The United States Department of the Treasury is seen in Washington, D.C.
The United States Department of the Treasury is seen in Washington, D.C., U.S., August 30, 2020. REUTERS/Andrew Kelly/File Photo

WASHINGTON, May 19 (Reuters) - The U.S. Treasury Department on Thursday issued new Hezbollah-related sanctions, designating Lebanese businessman and the Iran-backed group's financial facilitator, Ahmad Jalal Reda Abdallah, and his companies.

Abdallah, five of his associates and eight of his companies in Lebanon and Iraq were sanctioned and added to the sanctions list of the U.S. Treasury Department's Office of Foreign Assets Control, the department said.

Abdallah is a Hezbollah official and an active member of its global financial network, according to the Treasury. He has supported Hezbollah for decades, carrying out commercial activities in various countries where the profits are transferred to the Iran-backed group, the department said.

Founded in 1982 by Iran's Revolutionary Guards and classified by the United States and other Western countries as a "terrorist organization," Hezbollah is a powerful group in Lebanon because of a heavily armed militia that fought several wars with Israel. It grew stronger after joining the war in Syria in 2012 in support of President Bashar al-Assad.

The United States said Abdallah used his senior employees and relatives to establish new businesses throughout the Middle East on behalf of Hezbollah.

Hezbollah on Sunday faced an electoral setback when the group and its allies lost their parliamentary majority in elections in Lebanon. read more

Reporting by Kanishka Singh in Washington; editing by Jonathan Oatis

Our Standards: The Thomson Reuters Trust Principles.

Thomson Reuters

Kanishka Singh is a breaking news reporter for Reuters in Washington DC, who primarily covers US politics and national affairs in his current role. His past breaking news coverage has spanned across a range of topics like the Black Lives Matter movement; the US elections; the 2021 Capitol riots and their follow up probes; the Brexit deal; US-China trade tensions; the NATO withdrawal from Afghanistan; the COVID-19 pandemic; and a 2019 Supreme Court verdict on a religious dispute site in his native India.

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