Sunday 19 March 2023 - 03:29

Hezbollah: US Sanctions Responsible for Political, Economic Crises in Lebanon

Story Code : 1047486
Hezbollah: US Sanctions Responsible for Political, Economic Crises in Lebanon
“Is there any reason for the country's calamities other than the US and its blockade? The purpose of such bids is to force the Lebanese nation into capitulation,” Sheikh Mohammad Yazbek said.

“The honorable people of Lebanon will neither be deceived nor surrender. They exercise so much patience, and God willing, will pull off a historic victory at last,” he added.

Lebanon’s presidency has seen stalemate several times since the 1975-1990 civil war. The country has also had only a caretaker government since May.

The Arab country has been mired in an economic crisis that the World Bank has dubbed one of the worst in recent history, which comes amid crippling sanctions imposed by the US and its allies.

The Lebanese pound has lost more than 95 percent of its value on the black market since 2019.

According to the United Nations, the ongoing financial crisis in Lebanon has caused poverty rates to reach more than 80 percent of the population, and food prices have risen by an astonishing 2,000 percent.

Creditors under the US influence such as the International Monetary Fund [IMF] have conditioned the release of billions of dollars in emergency loans to specific reforms which many observers would make the country dependent on the West.

Elsewhere in his remarks, Sheikh Yezbek pointed to the uptick in “Israeli” violence and atrocities against Palestinians in light of the international community’s silence and apathy of the so-called advocates of human rights.

“Why doesn’t the civilized world condemn the ‘Israeli’ enemy for its brutal killings of Palestinians? This silence comes as the Zionist enemy has violated all principles, charters and international treaties,” he said.