"The United States has imposed sanctions on a gold firm in Lebanon that it accused of having ties to Hezbollah as Washington pushes to choke off the group's revenue streams. The administration of US President Donald Trump blacklisted Jood SARL on Tuesday, saying the company is helping convert Hezbollah's gold reserves into usable funds to help sustain efforts to rebuild itself after a series of deadly attacks."
"The US Treasury said Jood SARL works under al-Qard al-Hassan (AQAH), an already sanctioned Hezbollah-linked entity that provides financial services in Lebanon. After facing challenges throughout early 2025 to secure funding, Hezbollah directed AQAH to ensure the terrorist group's continued access to cash flow, the Treasury said. Senior al-Qard al-Hassan officials established a chain of companies to trade gold in Lebanon and potentially overseas."
The US imposed sanctions on Jood SARL, accusing the firm of converting Hezbollah's gold reserves into usable funds to sustain the group after deadly attacks. The Treasury identified Jood SARL as operating under al-Qard al-Hassan (AQAH), a previously sanctioned Hezbollah-linked financial services entity, and said senior AQAH officials created a chain of companies to trade gold domestically and possibly overseas. Additional sanctions targeted individuals and shipping firms alleged to help generate Hezbollah revenue. The measures block sanctioned assets in the US and generally prohibit US persons from engaging in financial transactions with those entities. Hezbollah rejects the sanctions and attributes economic harm to civilians.
Read at www.aljazeera.com
Unable to calculate read time
Collection
[
|
...
]