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US Sanctions Russia-Iran Oil Network Funding Hezbollah, Hamas

US Sanctions Russia-Iran Oil Network Funding Hezbollah, Hamas

U.S. Treasury: Iran using ‘proceeds of millions of barrels of its oil to fund terrorists.’

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.

“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.

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 we are acting against a complex scheme Iran and Russia have used to bolster the Assad regime and generate funds for Iranian malign activity,” said Treasury Secretary Steven Mnuchin. “Central Bank of Iran officials continue to exploit the international financial system, and in this case even used a company whose name suggests a trade in humanitarian goods as a tool to facilitate financial transfers supporting this oil scheme. We are issuing an Advisory today identifying the grave risks to the maritime community if they participate in shipping oil to the Government of Syria. The United States is committed to imposing a financial toll on Iran, Russia, and others for their efforts to solidify Assad’s authoritarian rule, as well as disrupt the Iranian regime’s funding of terrorist organizations.”

The Treasury Department’s revelations come just weeks after President Donald Trump announced tough sanctions targeting Iran’s oil and gas sectors. “Our objective is to force the regime into a clear choice: either abandon its destructive behavior or continue down the path toward economic disaster,” President Trump said at that time.

Facing economic crisis at home in the wake of biting sanctions imposed by the Trump administration since withdrawing from the nuclear deal in May, the Iranian regime is looking for new ways to finance its terrorist proxies across the region, especially Assad-led Syrian regime. President Vladimir Putin has also thrown the Russian military behind Assad out of geostrategic considerations.

It may be in Moscow’s interest to gain a foothold in the Middle East or have access to Syria’s coveted warm water ports, but given the Muslim-majority provinces in Russia’s Caucasus region, the funding of Shi’a and Sunni terrorist groups to the south of its borders could come back to bite in the long run.

The unraveling of the oil scheme once again highlights the link between the Shi’a and Sunni terror networks, notwithstanding their professed theological differences. When it comes to terror financing, there has been no love lost between the jihadis of all stripes despite their ongoing inner-Islamic power struggle.

Pompeo: We want to starve Iran of terror support revenue

[Cover image via YouTube]

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Comments

Don’t be so smug. Iran has said that if its oil exports are stopped it will close the Straits of Hormuz. That would stop all oil exports from the Persian Gulf, which amounts to 20% of world consumption. Another Great Depression and financial and economic chaos would ensue.

Iran is clearly able to stop traffic through the Straits for some time. Closure can be done with land-based artillery and missiles, so the reopening would require a large-scale land invasion of Iran. The staging alone of the needed land forces would take at least two months, and the conquest of enough of Iran to stop the missiles and artillery would likely take a few more.

There are so many sanctions against Russia now that new ones have little effect. They do, however, strengthen the Russian and Chinese semi-alliance, and they do make the Russian economy less dependent on the West. There was a theory once that countries that trade together do not go to war. That was exploded by WW I. But it is certainly true that countries that do not trade at all have few restraints on going to war.

The ability of Washington to impose its Imperial Will on subject states is reaching an end, and it may end in disaster for all.

    “Iran is clearly able to stop traffic through the Straits for some time…”

    About an day.

    After which Iran’s leadership would be incinerated.

    “Iran is clearly able to stop traffic through the Straits for some time. Closure can be done with land-based artillery and missiles, so the reopening would require a large-scale land invasion of Iran.”

    You don’t know much about US Military capability. And you have no idea how difficult it is to close the straights for more than a few days.

    Or perhaps you’re just spreading ignorance and disinformation purposely.

Don’t be such a prissy Bob. Let the eye-rainians try and close the straights and watch their arses being handed to them in a great big sling with the words “fuck off” on the side.

I would suggest that closing the straights would most definitely not be in Irans best interests of land itself to the longevity of the current regime.

Then again the hardest hit by these sanctions is the liberal left!

Vladmir, Vladmir, Vladmir…

Haven’t you learned by now?

Putin Faces ‘substantial threat of homegrown terrorists plotting attacks in Russia:
https://www.express.co.uk/news/world/635081/Terrorism-Russia-security-expert-radicalised-Muslims-pose-threat-Putin

Vlad, what goes around, comes around.

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