Hezbollah and Iran flags are seen during a rally to commemorate the 40th anniversary of Iran’s Islamic Revolution, in southern Beirut. (AP)

September 18, 2021

The United States said on Friday it was sanctioning Lebanon and Kuwait-based financial conduits that fund the Lebanese Shi’ite group Hezbollah as well as financial facilitators and front companies that support the group and Iran.

Hezbollah “continues to exploit the legitimate commercial sector for financial and material support, which enables the group to carry out acts of terrorism and degrade Lebanon’s political institutions,” Treasury said in the announcement.

The sanctions also apply to businessman Morteza Minaye Hashemi, who lives in China and who had funneled money to Iran’s Qods Force, Treasury said. Two Chinese nationals had helped Hashemi establish bank accounts and served as straw owners for his companies, which were based in Hong Kong and mainland China, according to the Treasury release.

Reuters

About Track Persia

Track PersiaTrack Persia is a Platform run by dedicated analysts who spend much of their time researching the Middle East, in due process we fall upon many indications of growing expansionary ambitions on the part of Iran in the MENA region and the wider Islamic world. These ambitions commonly increase tensions and undermine stability.