Treasury says Iran will keep funding HezbollahSeptember 4, 2015
Treasury undersecretary Adam Szubin says Iran will continue sponsoring terrorism regardless of the sanctions deal with Iran. This seems to be a point upon which many executive branch officials agree. In fact, it will probably worsen. We’ve covered many reports over the years of Hezbollah and Hamas budgets suffering because of sanctions against Iran. Logically, as sanctions are lifted, we can expect the Shia-backed terrorist groups to replenish their bank accounts and fund newer, bolder attacks.
From the Washington Free Beacon:
Sanctions Czar: Iran will Continue Funding Terrorist Armies Under Nuclear Deal
Obama’s sanctions czar admitted Wednesday that Iran would continue to fund terrorist proxies like Hezbollah under the nuclear deal.
Administration officials like Secretary of State John Kerry and Secretary of Treasury Jack Lew have downplayed the possibility that Iran could use sanctions relief cash to fund terrorism, saying that much of that money would be earmarked for debt relief and domestic projects.
Adam Szubin, the undersecretary of Treasury for terrorism and financial crimes, was more candid about the most likely use of sanctions relief money.
“Unfortunately I do expect to continue to see Iran funding Hezbollah and its other violent terrorist proxies,” Szubin told the Senate Banking Committee.
Szubin praised the U.S. sanctions regime for bringing the Iranian economy to its knees.
“Thanks to those congressional sanctions, our sanctions against Iran’s proxies carry this international weigh and designated entities become pariahs worldwide,” Szubin said.
Szubin said that “it is incumbent” on the U.S. “to do more” through sanctions to stop Iran’s financing of terrorism—although the president’s nuclear deal lifts many sanctions on Iran and allows its banned banks back into the global financial system…
Szubin has replaced David Cohen as undersecretary for terrorism and financial intelligence. President Obama has named Cohen as the deputy director of the CIA.