Israel Sanctions UK-Lebanese Firm for Supplying Fuel to Hezbollah
Translated & summarized from JDN by baba
Israel's Defense Minister Israel Katz imposed sanctions on Coral Oil, a UK-registered but Lebanese-owned energy company, for supplying approximately 130,000 liters of fuel to Hezbollah. The fuel is crucial for Hezbollah's military operations and infrastructure. The sanctions are part of Israel's broader strategy to cut off Hezbollah's financial and supply networks.
The story in 5 lines · by baba
- Israel sanctioned Coral Oil for supplying fuel to the designated terrorist organization Hezbollah.
- Approximately 130,000 liters of diesel and gasoline were transferred to Hezbollah's fuel company, Al-Amana.
- The fuel is vital for Hezbollah's military operations, including weapons transport and infrastructure.
- Coral Oil, registered in the UK, is owned by Lebanon's A. Yamin Group S.A.L.
- The sanctions aim to disrupt Hezbollah's financial and supply chains.
Israel's Defense Minister Israel Katz has imposed sanctions on the energy company Coral Oil through the National Bureau for Counter Terror Financing (NBCTF) at the Ministry of Defense. The decision follows revelations that Coral Oil transferred approximately 130,000 liters of fuel, including diesel and gasoline, to Al-Amana, a fuel company owned by Hezbollah. The NBCTF had previously designated Hezbollah as a terrorist organization in 2020.
Security officials emphasized that fuel is critical for Hezbollah's operational and logistical needs, including transporting weapons, powering generators and infrastructure, and supporting the organization's underground network. Investigations revealed that although Coral Oil is registered in the UK, it is owned by the Lebanese holding company A. Yamin Group S.A.L. and controlled by members of the Yamin family, identified as brothers Oscar (Chairman and CEO), Antonio, and Edgar Yamin.
The company operates through a branch in Lebanon and engages in business relationships worth hundreds of millions of dollars within an international network of companies. This sanction is part of a broader effort by the NBCTF and security agencies to disrupt supply chains and financial channels that enable Hezbollah to sustain its terrorist activities.
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