Report: Concerns Linger over New US Financial Sanctions against Hizbullah

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A Lebanese parliamentary delegation, composed of delegates and banking experts, is trying to convince the American authorities to alleviate the new law that the Congress plans to issue imposing new financial sanctions against Hizbullah party, amid concerns it would reflect on Lebanon's banking sector, al-Joumhouria daily reported on Saturday.

According to information obtained by the daily, “the Lebanese delegation's endeavors this time look different from when the law was issued in its first edition.

“At the time, the US administration was more understanding of the concerns of the Lebanese and avoided taking any step that would harm the Lebanese economy. Meanwhile, the current atmospheres are different and there is a kind of generalism in the administration and in the Congress itself,” said the daily.

However, it pointed out that “the US administration is careful not to enact any law that could harm Lebanon's banking sector. But, this is not enough, because what is being prepared will put pressure on the financial situation as a whole.”

Adding to the above, “there are concerns about Hizbullah's reaction to the US law in its second edition, which aims to turn the party into an ostracized political component in its environment. Anyone who has a surplus of money will have to move away from the party if he wants to avoid US sanctions.”

“The previous time, a similar scenario ended after a bombing exploded at the headquarters of a well-known Lebanese bank, how would it end this time?” asked the daily.

In 2015, the US Congress voted to impose sanctions on banks that deal with Hizbullah, which the US considers as a "terrorist group".

Lebanon's central bank instructed the country's banks and financial institutions to comply with the measure against the party.

Hizbullah has fiercely criticized the law and accused central bank governor Riad Salameh of "yielding" to Washington's demands.

In June 2016, a bomb exploded outside the Beirut headquarters of BLOM BANK, one of the country's largest, wounding one person.

Several Lebanese newspapers known to be critical of Hizbullah said at the time the explosion was a "message" to banks complying with the US ruling.

Comments 25
Thumb barrymore almost 7 years

The iranian terrorist party and its fugitive leader admitted publicly it does not use the banking system to move its halal iranian money it earns from terrorism and drug trading. That in itself is enough evidence to incriminate it of money laundering and treason. Its iranian money comes in suitcases from iran with the full knowledge of the vigilant General Security of Abbas Ibrahim or through 'innocent' heretic businessmen like Tajjedine, recently arrested and now enjoying the luxuries of US prisons.

The moral of the story is EXPECT more bombings of banks, financial institutions and individuals who refuse to cooperate with this iranian implanted cancer called hezbollah.

Thumb Mystic almost 7 years

People inside Lebanon that works with Americans to bring in sanctions on their own country, will be considered traitors.

Now let's see how far your heroes of American influence will go, they should remember they are in Beirut not Washington.

Missing peace almost 7 years

you are the biggest traitor here to assimilate hezbollah with lebanon while they have pledged allegiance to... iran! pityful miss tic....

Thumb Abu-Ivanka almost 7 years

mystic, this is my last warning before you plummet into fumes.

Thumb Mystic almost 7 years

I can't assimilate something that is already 100% assimilated.

Thumb ___flamethrower___ almost 7 years

((((lulz)))) @ ex.ex.flamethrower:))

Default-user-icon zgartawi (Guest) almost 7 years

MYSTIC do you have down syndrome ? you sure looks it along with that retarded son of yours ? You are an Iranian stooge pretending to be Lebanese ... Wake up you fool

Thumb Elemental almost 7 years

Notice Mystic in his brain considers Lebanon an Iranian state? Look what delusional inbreds you brought in Lebanon.

Thumb Southern...... almost 7 years

the Americans are good at empty words only, they claim to support Lebanon while in real life they impose fianantial sanction against the country and the Lebanese people.... btw, glad that "america will NOT be great again" anymore, becasue Chine is taking the lead.

Thumb illiterate-Southern almost 7 years

please keep educating! The way you have just explained America's evil intentions and sanctions against the country make it so simple for the yearning individual. I am glad you tackled financial issues in your comment as I am currently taking Finance 201 in university and your comments came just at the right time.

Missing peace almost 7 years

only psychopaths hail psychopaths....

Thumb Abu-Ivanka almost 7 years

mystic watch your language and know who you are talking to. My USS Carl Vinson along with a huge armada are heading to North Korean shores as we speak and as reported by your ruski news RT.

Your coordinates are in hand and I might just listen to my daughter Ivanka and make you take a cruise on a Tomahawk along hell's lane.

Japanese destroyers join US strike group amid tensions on Korean Peninsula
https://www.rt.com/news/385600-us-japan-naval-drill-north-korea/

Thumb Southern...... almost 7 years

*China

Thumb justin almost 7 years

china what?
are you ok Southern?

Thumb Southern...... almost 7 years

is the correction of the above statement.. " becasue Chine is taking the lead."... btw, i'm fine and you!?

Thumb justin almost 7 years

oh ok got it. I am fine and thank you for asking. Have a small celebration tonight; it's my sister's birthday.

Thumb Southern...... almost 7 years

that's right Mystic,

the "Aramada" didn't even know exactly the route toward Korean Peninsula, it went toward Australia rather , the explanation was a bit confusing... can you imagen how they could bring down and occupy the country!????.. Never.... besides, the Chinese dragon is wating there.

btw, the Americans were defeated in Vietnam, Afganistan, Iraq and now in Syria, the american's proudeness is already sank in the mud.

Thumb i.report almost 7 years

Aramada espèce d'illettré.

Thumb joebustani almost 7 years

bless anyone person, entity, organization, brigade or country that inflicts extreme pain and unbearable suffering, death, torture, and destruction upon the iranian sectarian terrorist militia and its members, sponsors, supporters or followers wherever they may be.

Default-user-icon Antar (Guest) almost 7 years

Best if the terrorist Nasrallah left Lebanonto Iran and we all have peace!!

Thumb warrior almost 7 years

Khamanei's representative: The United States is delaying the appearance of the awaited Mahdi

ونشرت وكالة الأنباء الإيرانية الرسمية "إرنا" كلمة سعيدي التي ألقاها بملتقى رجال الدين العاملين في الحرس الثوري، الأربعاء الماضي، والتي حدد فيها أعداء المهدي الذين يحولون دون ظهوره، وهما عدو خارجي يتمثل في الولايات المتحدة الأميركية، وأعداء داخليون يتمثلون بالليبراليين والعلمانيين في إيران ".

http://www.alarabiya.net/ar/iran/2017/04/21/ممثل-خامنئي-هؤلاء-الأعداء-يؤخرون-ظهور-المهدي-.html

Default-user-icon AbuLeb (Guest) almost 7 years

Be careful with those strange links. Hizbo is trying to track you

Thumb Hayek.Feghali.Abdelatif almost 7 years

America sanctions individuals and organizations not countries. The sanctions are not against Lebanon, they are against some Lebanese who, the Americans claim, support a terrorist organization. Similar examples

https://www.state.gov/r/pa/prs/ps/2017/03/269306.htm

Thumb thepatriot almost 7 years

Try opening a Bank account in the US or Canada as a Lebanese Citizen! Those Ebola thugs burned us and made us usual suspects! Tfeh!!!

Thumb i.report almost 7 years

because of Hezbollah, lebanese are labelled as terrorists since 1983 even Christians who had nothing to do with their infamous terrorist attacks and bombings.