"The [Treasury Department] designated a key IRGC-QF-run support network working with Hizballah, including IRGC-QF official Hasan Deghan Ebrahimi, his associates Muhammad Abd-al-Amir Farhat and Yahya al-Hajj, and several affiliated companies in Lebanon," the release stated.
US Treasury Department imposed sanctions on 12 entities, as well as 13 individuals under US Iran sanctions Authority, according to the Office of Foreign Assets Control (OFAC) statement released on Friday. Some of the sanctioned entities are based in UAE, Lebanon and China.
Four Lebanon-based companies were added to the OFAC`s Specially Designated Nationals list for alleged ties to Iran`s Islamic Revolutionary Guard Corps.
"The [Treasury Department] designated a key IRGC-QF-run support network working with Hizballah, including IRGC-QF official Hasan Deghan Ebrahimi, his associates Muhammad Abd-al-Amir Farhat and Yahya al-Hajj, and several affiliated companies in Lebanon," the release stated.
The US Department of the Treasury is ready to continue introducing sanctions against Iran over its ballistic missile program, Office of Foreign Assets Control (OFAC) Acting Director John Smith said in a release following the news about the new sanctions.
"We will continue to actively apply all available tools, including financial sanctions, to address this behavior," Smith stated.
Earlier today, US President Donald Trump said that Iran is "playing with fire," adding that he will not be "as kind" as former US leader Barack Obama had been.
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