Gulf States To Toughen Sanctions Against Hezbollah
The six-nation Gulf Cooperation Council (GCC) of oil-rich Middle
East countries has decided to toughen sanctions against Lebanon's Hezbollah movement over its support to the much-despised regime of President Bashar al-Assad in Syria.
Senior GCC officials met in the Saudi capital Riyadh on Thursday to coordinate the sanctions against the militant outfit which is believed to be getting military aid from Iran, Arab media reported.
The meeting was convened "to develop mechanisms to monitor movements, financial transactions and business operations of Hezbollah," said Bahraini Deputy Interior Minister Khaled Al-Absi in his opening remarks.
The meeting decided to form two expert teams, one to "coordinate with central banks" and the other to review "legal, administrative and financial matters" linked to the sanctions.
The GCC also expressed deep concerns over the repercussions of Syria's widening civil war that has killed an estimated 100,000 people and displaced more than three million.
Al-Absi said the decision to impose sanctions was taken "after the discovery in GCC States of several terrorist cells linked to the group."
GCC sanctions on Hezbollah target residency permits and its financial and business activities in reprisal for the group's armed intervention in Syria to prop up the Assad regime.
"The sanctions would be implemented" in coordination with Ministers of Commerce and the central banks of the GCC," GCC Secretary-General Abdullatif Al-Zayani told reporters after the meeting
Source: http://www.rttnews.com/2146219/gulf-states-to-toughen-sanctions-against-hezbollah.aspx?utm_source=rttnews&utm_campaign=popup
Senior GCC officials met in the Saudi capital Riyadh on Thursday to coordinate the sanctions against the militant outfit which is believed to be getting military aid from Iran, Arab media reported.
The meeting was convened "to develop mechanisms to monitor movements, financial transactions and business operations of Hezbollah," said Bahraini Deputy Interior Minister Khaled Al-Absi in his opening remarks.
The meeting decided to form two expert teams, one to "coordinate with central banks" and the other to review "legal, administrative and financial matters" linked to the sanctions.
The GCC also expressed deep concerns over the repercussions of Syria's widening civil war that has killed an estimated 100,000 people and displaced more than three million.
Al-Absi said the decision to impose sanctions was taken "after the discovery in GCC States of several terrorist cells linked to the group."
GCC sanctions on Hezbollah target residency permits and its financial and business activities in reprisal for the group's armed intervention in Syria to prop up the Assad regime.
"The sanctions would be implemented" in coordination with Ministers of Commerce and the central banks of the GCC," GCC Secretary-General Abdullatif Al-Zayani told reporters after the meeting
Source: http://www.rttnews.com/2146219/gulf-states-to-toughen-sanctions-against-hezbollah.aspx?utm_source=rttnews&utm_campaign=popup
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