Non-nuclear US sanctions against Iran and its allies have led to Hezbollah being in “its worst financial shape in decades,” the top sanctions enforcement official told Congress.
“After many years of sanctions targeting Hezbollah, today the group is in its worst financial shape in decades,” Adam Szubin, the acting Treasury undersecretary for terrorism and financial intelligence told the US House of Representatives Foreign Affairs Committee on Wednesday. “And I can assure you that, alongside our international partners, we are working hard to put them out of business.”
Szubin described sanctions introduced in recent months to further isolate Hezbollah, a Lebanese militia that in 2006 fought a war against Israel and that Israeli intelligence believes has tens of thousands of missiles in place for the next war.
The House committee asked Szubin and two other top officials handling the implementation of the Iran nuclear deal to testify. Congressional Republicans and a number of Democrats have expressed concerns about reports that the US is going out of its way to accommodate Iran in the sanctions relief for nuclear rollback deal.