India, March 21 -- The United States has imposed sanctions on a global financial network accused of supporting Hezbollah.

"This action targets individuals and entities involved in laundering and raising funds for Hezbollah's finance apparatus through a range of companies and projects operating across the Middle East, Europe, and North America," the US Department of State said in a statement.

By cutting off these financial channels, the US said it is taking concrete steps to curb Hezbollah's ability to generate revenue for terrorist activities and to evade existing sanctions.

"Hezbollah continues to spend millions of dollars on terrorism, leaving Lebanese civilians to bear the consequences and depriving them of a normal life," it added....