On February 10, 2026, the U.S. Treasury Department announced new sanctions against Jood SARL, a Lebanese gold exchange. Officials claim the company is not a legitimate non-governmental organization but a front used to convert gold reserves into cash for Hezbollah.

Jood SARL is reportedly managed by Al-Qard al-Hassan (AQAH), a Hezbollah-run financial institution. After Israel bombed several AQAH branches in 2024, the group allegedly created Jood SARL to safeguard and liquidate its gold holdings.

With global gold prices soaring (surpassing $5,000 per ounce in early 2026), Hezbollah has been moving to convert its collateralized gold into “hard currency” to maintain its operations and cash flow from Iran.

The key targets are:

Jood Sarl, the gold exchange. An Andrey Viktorovich Borisov, a Russian national accused of coordinating with Hezbollah to purchase weapons from Russia and sell commodities to generate revenue.

Mohamed Nayef Maged, a Lebanese co-owner of the exchange.

And Several companies involved in moving commodities like fertilizer and oil to fund the group.

These sanctions are part of a “maximum pressure” campaign by the Trump administration. They come at a time when the Lebanese government is itself considering using its massive national gold reserves—one of the largest in the Middle East—to fix its broken economy, creating a tense backdrop for these targeted financial strikes.