European Union sanctions Hamas financiers

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The European Union issued asset freezes and travel bans on various firms and individuals accused of financing the Palestinian militant Islamist group Hamas, according to Brussels.

The EU imposed the second wave of sanctions on the Hamas and Palestinian Islamic Jihad factions following their attack on Israel on October 7.

Overall the bloc has so far blacklisted 12 individuals and three entities linked to the militants.

Among the latest targets were three front companies used by key financier Hamza Abdelbasit to funnel funds to the group.

These include Spanish real estate firm Al Zawaya Group, and two others based in Sudan, an EU statement said.

Also hit was the head of Hamas’ “foreign investment activities”, a money changer enabling transfers from backer Iran and the official in charge of the groups “Charitable Institutions Association”, it said.

The EU said in addition it was imposing sanctions on Ali Morshed Shirazi, a senior Iranian Islamic Revolutionary Guard Corp official overseeing Tehran’s links to Palestinian groups from Lebanon.

Top Hamas official Maher Rebhi Obeid “responsible for directing Hamas’ terrorist operatives in the West Bank” was also put on the list.

The attack

Hamas’s October 7 attack on southern Israel resulted in the deaths of 1,195 people, mostly civilians, according to an AFP tally based on Israeli figures.

The militants also seized hostages, 116 of whom remain in Gaza although the army says 42 are dead.

In response, Israel unleashed a devastating military campaign in Hamas’ stronghold Gaza. This has killed at least 37,765 people, also mostly civilians, according to data from the health ministry in Hamas-run Gaza.

EU diplomats said that following the latest sanctions on Hamas the bloc should now impose a second round of measures targeting violent Israeli extremists in the West Bank.

The 27-nation EU has struggled for a united position on the Gaza war. In April the body imposed sanctions on four “extremist” Israeli settlers and two groups over violence against Palestinians in the West Bank.