US Sanctions Target 26 Entities Linked to Regime-Affiliated Qaterji Company

US Sanctions Target 26 Entities Linked to Regime-Affiliated Qaterji Company
Qaterji company's role emerges as key axis in funding illegal Iranian activities, shifting from ISIS trade to Houthi support
November 14, 2024, 10:28 pm

صهاريج القاطرجي

The US Treasury Department imposed comprehensive sanctions targeting 26 companies, individuals, and vessels linked to the regime-affiliated Qaterji corporation, for their role in generating hundreds of millions of dollars for Iran's Revolutionary Guard and the Houthis.

Treasury Under Secretary for Terrorism and Financial Intelligence Bradley Smith emphasized Tehran's increasing reliance on key business partners like Qaterji to fund its destabilizing regional activities.

The sanctions include a fleet of vessels including BARON, ROMINA, CHLOE, and others, used by the Qaterji network to transport Iranian oil to Syria and China.

Qaterji company, previously designated for facilitating fuel deals with ISIS, exports millions of oil barrels to fund the Revolutionary Guard and Houthis, who receive millions of dollars monthly.

Hussam Qaterji has led the company since Mohammed Qaterji's death in mid-2024, with managers directly meeting Quds Force leadership and Houthi financial officials.

The US sanctions require freezing all properties and interests of targeted persons and entities in the United States, while prohibiting financial transactions with them. The punitive measures include ship management and operating companies involved in Lebanon, India, Panama, and Iran, reflecting the complexity of the Syrian regime-linked financing network.

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