US Sanctions Target 'Hezbollah' Chief, Deputy, Other Officials and Entities

US Sanctions Target 'Hezbollah' Chief, Deputy, Other Officials and Entities

The sanctions were imposed by the Treasury and seven-member nations of the Terrorist Financing and Targeting Center (TFTC) that is co-chaired by Saudi Arabia and is comprised of Bahrain, Kuwait, Oman, Qatar and the United Arab Emirates (UAE).

The Saudi Arabian state security statement coincides with the USA treasury department adding fresh sanctions against Hezbollah leader Hassan Nasrallah and his deputy earlier Wednesday.

"OFAC, together with Gulf partners, designated Hasan Nasrallah, the Secretary General of Hizballah". The Treasury Department also made changes to Hezbollah chief Sheikh Hassan Nasrallah's status, making him a specially designated global terrorist.

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The Gulf states targeted four of the movement's committees and ordered individuals' assets and bank accounts frozen.

Hezbollah was formed following the Israeli regime's invasion of Lebanon and the ensuing occupation of its southern parts in 1980s, and now constitutes Lebanon's de facto military power.

Hezbollah has seen its popularity sharply rise in recent years due to its successful counter-terrorism role, something that helped its political bloc make significant gains in Lebanon's parliamentary elections this month much to the dismay of the US, Israel and Saudi Arabia, which are angry at the group's victories against the terrorists they support in Syria.

The US Treasury announced on Wednesday it has imposed sanctions on Hezbollah leadership as well as other individuals and one group, a move it claimed to "disrupt an Iranian-backed terrorist group". Since President Donald Trump announced the policy-shift on Iran, the USA has sanctioned the nation's central bank governor and an Iran-linked currency exchange network.

The US government has been expanding sanctions targeting Iranian firms and individuals.

It was a new round of penalties on Iran and its overseas connections by Washington following US President Donald Trump's announcement of withdrawing from the landmark Iran nuclear deal last week.

The governments in their statement criticized Hezbollah as destabilizing the region with Iran that supports it.