WASHINGTON — The United States on Tuesday imposed sanctions against a gold exchange it said facilitates Iranian financial support to the Hezbollah terror group in Lebanon.

The Treasury Department said the targeted gold exchange was part of Al-Qard al-Hassan, a Hezbollah financial institution already under US sanctions whose branches were bombed by Israel in 2024 strikes.

“Hezbollah is a threat to peace and stability in the Middle East,” Treasury Secretary Scott Bessent said in a statement.

“Treasury will work to cut these terrorists off from the global financial system to give Lebanon a chance to be peaceful and prosperous again.”

The Treasury Department imposed sanctions on the gold exchange, Jood SARL, which it said “masquerades as a non-governmental organization” and is used to ensure Hezbollah’s cash flow from Iran.

It also said it was imposing sanctions on a number of individuals or entities, including Russian national Andrey Viktorovich Borisov, for working on Hezbollah’s finances, as well as Lebanon’s Mohamed Nayef........

© The Times of Israel