Israel Sanctions Lebanese Energy Firm Over Hezbollah Fuel Shipments
Translated & summarized from NEWSru Israel by baba
Israel has imposed sanctions on the Lebanese energy company Coral Oil for supplying fuel to Al-Amana, a company linked to Hezbollah. The sanctions, announced by the Ministry of Defense's National Bureau for Counter Terror Financing, target the company's supply chain. Coral Oil, owned by the Lebanese A. Yamin Group, is part of a larger business network associated with the Yamin family. The move aims to disrupt the financial and material support for Hezbollah's activities.
The story in 6 lines · by baba
- Israel sanctioned Lebanese energy company Coral Oil for supplying fuel to Hezbollah-linked Al-Amana.
- The sanctions were imposed by the Ministry of Defense's National Bureau for Counter Terror Financing.
- Coral Oil supplied approximately 130,000 liters of petroleum products to Al-Amana.
- Al-Amana was identified as linked to terrorism by the NBCTF in 2020.
- Coral Oil is owned by the Lebanese A. Yamin Group and linked to the Yamin family.
- The sanctions aim to disrupt Hezbollah's supply chains and financial support.
Israel has imposed sanctions on the Lebanese energy company Coral Oil for supplying approximately 130,000 liters of petroleum products to Al-Amana, a company linked to the terrorist organization Hezbollah. The sanctions were announced by Israel's National Bureau for Counter Terror Financing (NBCTF), an agency within the Ministry of Defense responsible for combating terrorism financing. The NBCTF had previously identified Al-Amana as being linked to terrorism in 2020. These sanctions target a commercial entity in the fuel sector, revealing another link in Hezbollah's supply chain. Coral Oil, registered in the UK, is owned by the Lebanese company A. Yamin Group S.A.L. (Holding) and operates through a branch in Lebanon. The company is part of a business structure associated with the Yamin family, with three brothers, Oscar, Antonio, and Edgar Yamin, serving as directors since January 2017. According to defense ministry documents, Coral Oil operates within a business network connected to the Yamin family and other companies involved in fuel and international trade, collectively representing business relationships worth hundreds of millions of dollars. The sanctions against Coral Oil are designed to disrupt the trade and supply chains that enable Hezbollah to continue its operations.
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