Washington: Targetting the political party Hezbollah, US President Donald Trump has signed new sanctions on Thursday against the Iranian-funded militant group which is considered by Washington as a terrorist organisation. Also Read - 'It's Not a Cricket Match': Man Spotted Waving Indian Flag During Capitol Hill Protests, Video Angers Netizens | Watch

The event held on Thursday marked the 35th anniversary of the attack on US Marine barracks in Beiru. During the event Donald Trump said, “Over the past year we have levied the highest sanctions ever imposed on Hezbollah — in a single year, by far. Just a few moments ago, I signed legislation imposing even more hard-hitting sanctions on Hezbollah to further starve them of their funds. And they are starving for them.” Also Read - US Capitol Violence: Congress Finalises Biden's Victory, Trump Pledges 'Orderly' Transfer of Power

According to a CNN report, Senator Marco Rubio who is a Florida Republican has sponsored the Hizballah International Financing Prevention Amendments Act. The bill imposes financial and economic sanctions on Hezbollah and also has ramped up the reporting requirements. President Trump added, “We will target, disrupt and dismantle their operational and financing efforts, of which they have plenty and we will never forget what they did to our Marines in Beirut.”

With the sanctions imposed, Hezbollah will stay aloof from the international financial system, stated Sarah Sanders, the press secretary of White House. The aim of the sanctions is to reduce the funding made to Hezbollah.

“These sanctions will target foreign persons and government agencies that knowingly assist or support Hezbollah, and Hezbollah-affiliated networks that engage in drug trafficking or other transnational crime,” added Sarah Sanders.

(With Agency inputs)