US Treasury sanctions IRGC, Hezbollah oil smuggling network

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US Treasury sanctions IRGC, Hezbollah oil smuggling network
The network was led by current and former Quds Force figures backed by "senior levels of the Russian Federation government" and included Chinese companies, the Treasury Department said.
By JERUSALEM POST STAFF, REUTERS
Published: MAY 25, 2022

The US Treasury Department issued new sanctions against a list of Iranian, Turkish, Russian, Chinese, Emirati and Lebanese citizens and entities that it said were linked to an oil smuggling network that provided funds for the Islamic Revolutionary Guards Corps (IRGC) and Hezbollah on Wednesday. The department said the network was led by current and former Quds Force figures, "backed by senior levels of the Russian Federation government" and included Chinese companies and a former Afghan diplomat. It had raised hundreds of millions of dollars for Iran's Quds Force and Tehran's Lebanese allies Hezbollah, and helped Tehran support proxy militant groups, Treasury said.

The Quds Force is the foreign espionage and paramilitary arm of Iran's Revolutionary Guards and controls its allied militia abroad. The Trump administration put the guards on the State Department list of Foreign Terrorist Organizations (FTO) in 2019, the first time Washington formally labeled another nation’s military a terrorist group. The Biden administration has been engaged in indirect talks to restart a 2015 deal former President Donald Trump abandoned, under which world powers lifted international financial sanctions on Tehran in return for curbs on its nuclear program.

more............ https://www.jpost.com/breaking-news/article-707660
 
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