The U.S. Treasury has imposed sanctions on two Lebanon-based companies and a man described as an official with the Lebanese militant Hezbollah group
BEIRUT — The U.S. Treasury on Thursday imposed sanctions on two Lebanon-based companies and a man described as an official with the Lebanese militant Hezbollah group
The new wave of sanctions comes as Lebanon is passing through its worst economic and financial crisis in decades. The country is also facing a political deadlock amid delays in the formation of a new, crisis Cabinet, because of a portfolio dispute.
The U.S. Department of the Treasury’s Office of Foreign Assets Control, or OFAC, sanctioned the companies Arch Consulting and Meamar Construction “for being owned, controlled, or directed by Hezbollah.”
OFAC also sanctioned Sultan Khalifah Asaad, saying that he is a Hezbollah official closely associated with both companies.
“Hezbollah leverages Arch and Meamar to conceal money transfers to Hezbollah’s own accounts, further enriching Hezbollah’s leadership and supporters, and depriving the Lebanese people of much-needed funds,” the Treasury said.
Last week, the Treasury sanctioned two former Lebanese Cabinet ministers allied with Hezbollah — the ex-finance minister, Ali Hassan Khalil, currently a lawmaker, and the former public works and transportation minister, Youssef Fenianos.
Lebanon’s Prime Minister-designate Muatapha Adib told reporters after meeting President Michel Aoun on Thursday afternoon that he will allow more time for discussions over the formation of a new Cabinet.
The talks have stalled over which of Lebanon’s sects will get the finance ministry. Hezbollah and its Shiite ally Amal group of Parliament Speaker Nabih Berri are insisting their sect gets the portfolio and that they get to name Shiite ministers in the new Cabinet.
On Wednesday, a 15-day deadline passed without Lebanon forming the new Cabinet that would be tasked with resolving the economic crisis and carrying out reforms to pave the way for financial aid from the international community.