US Sanctions Target Syrian Al-Qatirji Company
US Sanctions Target Syrian Al-Qatirji Company

US Sanctions Target Syrian Al-Qatirji Company

News summary

The Biden administration has intensified its economic pressure on Iran by imposing sanctions on 26 entities associated with the Al-Qatirji Company, a Syrian conglomerate linked to financing Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and the Houthi movement in Yemen. These sanctions target the company's extensive network involved in selling Iranian oil to Syria and China, which has reportedly generated hundreds of millions of dollars for the IRGC-QF. Treasury officials highlighted that the Al-Qatirji Company plays a crucial role in laundering funds through financial hubs such as Istanbul and Beirut. The sanctions, enforced under Executive Orders related to terrorism and Syrian regime support, aim to restrict Iran's ability to fund destabilizing activities throughout the region. This move follows previous sanctions against Al-Qatirji for its involvement with ISIS, underscoring its longstanding role in illicit oil trade. The U.S. Treasury underlined its commitment to combatting the Iranian regime's financial networks that support terrorism.

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67% Right
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Center 33%
Right 67%
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Center
1
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2
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Last Updated
6 days ago
Bias Distribution
67% Right
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