Israel Reveals Secret Iranian Gold Smuggling Trade to Finance Hezbollah

Israeli Defense Minister Yoav Gallant
Israeli Defense Minister Yoav Gallant
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Israel Reveals Secret Iranian Gold Smuggling Trade to Finance Hezbollah

Israeli Defense Minister Yoav Gallant
Israeli Defense Minister Yoav Gallant

Israeli Defense Minister Yoav Gallant recently issued an order to uncover a gold smuggling operation between Iran and Venezuela that is funding Lebanon’s Hezbollah terror activity, bypassing sanctions.

In a signed document, the Minister revealed that dozens of kilograms of gold were smuggled on an Iranian Mahan Air flight, which is subject to US sanctions, from Venezuela to Europe and Syria. The funds from the smuggled gold were transferred to Hezbollah.

It said the smuggling ring was uncovered during a joint effort between the National Bureau for Counter Terror Financing of Israel (NBCTF) and the Defense Ministry, along with the Israel Police and the Tax Authority.

The document published the names of a number of figures involved in the smuggling operation, mainly Badr Ad-Din Naimi Musawi, an Iranian businessman who owns two real estate companies registered in Britain, “Lotus Universal” and “Strattonview Properties Limited”, and the international trade company “Trading Acs” registered in Dubai.

Musawi is also a key player in the Iranian efforts to use several Latin American countries as intermediaries to evade sanctions on its oil exports and financial transactions, the document noted.

It also mentioned the name of Hamid Evranjad, the CEO of Mahan Air, who is also part of an effort by Iran to strengthen ties in South America and ultimately use those ties to bolster its own terrorist activity.

Also part of this gold trade scheme are high-ranking Hezbollah officials, including Ali Kasir, the representative of Hezbollah's Economic Affairs Ministry in Tehran, as well as Mohammad Kasir, the head of Hezbollah's logistics unit who dealt with the transfer of funds after the gold had been turned into cash.

“Iran sells oil to Venezuela to evade US, European and international sanctions. The price of oil is paid in gold,” the Israeli Minister’s document said.

The Iranian Revolutionary Guards’ Quds Force and Hezbollah then smuggle the gold from Venezuela to Iran to finance the activities of Tehran-backed militias in Lebanon, it added.

After the gold reaches Iran, it is transferred to currency in Türkiye, and perhaps other countries in Eastern Europe, as well as in Syria. The funds resulting from the deal are then sent to the Lebanese Hezbollah party.

The Israelis estimate the profit generated from this gold trade scheme at millions of dollars.

The Minister’s order came after an Iranian plane was detained in Argentina in mid-2022 on suspicion of also transporting gold.

The plane was registered under the commercial name of Emtrasur, a Venezuelan state-owned company. However, the plane was owned by Mahan Air of Iran, which the US government has sanctioned. It was granted to Venezuela for evading sanctions.

The plane made at least six trips between Caracas and Tehran, and between Moscow and Tehran in the winter and spring of 2022.

In June, a Washington court had transmitted a request to Argentine authorities to confiscate the cargo plane.



Russia Advances in Ukraine at Fastest Monthly Pace Since Start of War, Analysts Say

A police officer drives a vehicle past burning trees during an evacuation of civilians from the outskirts of the Kurakhove town, amid Russia's attack on Ukraine, in Donetsk region, Ukraine September 16, 2024. (Reuters)
A police officer drives a vehicle past burning trees during an evacuation of civilians from the outskirts of the Kurakhove town, amid Russia's attack on Ukraine, in Donetsk region, Ukraine September 16, 2024. (Reuters)
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Russia Advances in Ukraine at Fastest Monthly Pace Since Start of War, Analysts Say

A police officer drives a vehicle past burning trees during an evacuation of civilians from the outskirts of the Kurakhove town, amid Russia's attack on Ukraine, in Donetsk region, Ukraine September 16, 2024. (Reuters)
A police officer drives a vehicle past burning trees during an evacuation of civilians from the outskirts of the Kurakhove town, amid Russia's attack on Ukraine, in Donetsk region, Ukraine September 16, 2024. (Reuters)

Russian forces are advancing in Ukraine at the fastest rate since the early days of the 2022 invasion, taking an area half the size of Greater London over the past month, analysts and war bloggers say.

The war is entering what some Russian and Western officials say could be its most dangerous phase after Moscow's forces made some of their biggest territorial gains and the United States allowed Kyiv to strike back with US missiles.

"Russia has set new weekly and monthly records for the size of the occupied territory in Ukraine," independent Russian news group Agentstvo said in a report.

The Russian army captured almost 235 sq km (91 sq miles) in Ukraine over the past week, a weekly record for 2024, it said.

Russian forces had taken 600 sq km (232 sq miles) in November, it added, citing data from DeepState, a group with close links to the Ukrainian army that studies combat footage and provides frontline maps.

Russia began advancing faster in eastern Ukraine in July just as Ukrainian forces carved out a sliver of its western region of Kursk. Since then, the Russian advance has accelerated, according to open source maps.

Russia's forces are moving into the town of Kurakhove, a stepping stone towards the logistical hub of Pokrovsk in Donetsk, and have been exploiting the vulnerabilities of Kyiv troops along the frontline, analysts said.

"Russian forces recently have been advancing at a significantly quicker rate than they did in the entirety of 2023," analysts at the Washington-based Institute for the Study of War said in a report.

The General Staff of Ukraine's armed forces said in its Monday update that 45 battles of varying intensity were raging along the Kurakhove part of the frontline that evening.

The Institute for the Study of War report and pro-Russian military bloggers say Russian troops are in Kurakhove. Deep State said on its Telegram messaging app on Monday that Russian forces are near Kurakhove.

"Russian forces' advances in southeastern Ukraine are largely the result of the discovery and tactical exploitation of vulnerabilities in Ukraine's lines," Institute analysts said in their report.

Russia says it will achieve all of its aims in Ukraine no matter what the West says or does.

Ukrainian President Volodymyr Zelenskiy has repeatedly said peace cannot be established until all Russian forces are expelled and all territory captured by Moscow, including Crimea, is returned.

But outnumbered by Russian troops, the Ukrainian military is struggling to recruit soldiers and provide equipment to new units.

Zelenskiy has said he believed Russian President Vladimir Putin's main objectives were to occupy the entire Donbas, spanning the regions of Donetsk and Luhansk, and oust Ukrainian troops from the Kursk region, parts of which they have controlled since August.