US Sanctions Russia-Iran Oil Network Funding Hezbollah, Hamas

Le·gal In·sur·rec·tion | 11/22/2018 | Vijeta Uniyal
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The U.S. Treasury has sanctioned an illicit Iranian-Russian network supplying oil to the Syrian regime. The elaborate oil scheme was used to finance the Islamic terror groups Hamas and Hezbollah, a department press release said Tuesday.

The covert shipment of Iranian oil was run by the aid of the Russian state-owned company Promsyrioimport. The network delivered millions of barrels of oil to Syrian dictator Bashar Assad’s regime and hundreds of millions of dollars to Islamic terrorist groups, the Treasury Department disclosed.

Regime - Money - Terror - People - Treasury

“The Iranian regime continues to prioritize spending money on fomenting terror over supporting its own people,” the Treasury’s counter-terrorism chief Sigal Mandelker said, “This is yet another example of the regime using the proceeds of millions of barrels of its oil to fund terrorists and the murderous Assad regime to the detriment of its own people.”

Those targeted include a Syrian national and the Russian company Global Vision Group, which played the key role in oil shipments and money transfers to Iran’s Islamic Revolutionary Guard Corps (IRGC), a designated terrorist organization.

Press - Release - US - Treasury - Details

The press release issued by the U.S. Treasury details Russian and Iranian involvement in the busted oil-for-terror scheme:

Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating nine targets in an international network through which the Iranian regime, working with Russian companies, provides millions of barrels of oil to the Syrian government. The Assad regime, in turn, facilitates the movement of hundreds of millions of U.S. dollars (USD) to the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) for onward transfer to HAMAS and Hizballah. U.S. sanctions prohibit material support to the Government of Syria, including shipments of oil to Syrian government-controlled ports, as well as material support to designated terrorist groups.

Today - Scheme - Iran - Russia - Assad

“Today we are acting against a complex scheme Iran and Russia have used to bolster the Assad regime...
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