Biden Administration Sanctions Lebanese Network Linked to Hezbollah Funding

The Biden administration imposed sanctions on a Lebanese network for smuggling oil and LPG to fund Hezbollah. The sanctions affect three individuals, five companies, and two vessels. Hezbollah reportedly uses the profits to support its activities, including attacks on Israel.

The Biden administration on Wednesday imposed sanctions on a Lebanese network accused of smuggling oil and liquefied petroleum gas (LPG) to support Hezbollah.

The U.S. Treasury Department targeted three individuals, five companies, and two vessels overseen by a senior Hezbollah finance leader. Profits from illicit LPG shipments to Syria were reportedly used to generate revenue for the group.

Acting Under Secretary of the Treasury for Terrorism and Financial Intelligence Bradley Smith stated that Hezbollah continues to prioritize funding regional violence over the welfare of displaced people in southern Lebanon.

(With inputs from agencies.)