US issues new sanctions in crackdown on oil shipments to Syria

Published November 20, 2018 6:13pm ET



The Trump administration sanctioned nine new companies as part of a crackdown on an oil smuggling network that the U.S. government claims aids the Syrian government and terrorist organizations Hezbollah and Hamas.

“Today, we are acting against a complex scheme Iran and Russia have used to bolster the Assad regime and generate funds for Iranian malign activity,” said Treasury Secretary Steven Mnuchin in a statement.

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