- Home
- Israel Hamas War
- Hezbollah’s Cash Flow Drying Up
Hezbollah is reportedly growing low on cash, and its reserves in dollars are dwindling because Iran is no longer able to supply it with enough money due to its economic situation. According to a diplomat from the five-nation commission known as the Quintet, and based on reports he received from his government, the Iran-backed party “is complaining about a decrease in the cash dollars and reserves.”
In parallel, Hezbollah is eager to have a president of the republic elected before the US presidential vote. It is reportedly negotiating with mediators to bring about an independent figure that it can trust and who will not stab it in the back, as long as it is unable to have its candidate, Marada Party chief, Suleiman Frangieh, accede to the top post.
According to the diplomat, the party is moving toward resolving the presidential crisis before the American elections, after it became clear that the sanctions targeting people and companies that are contributing to its financing had begun to take effect.
The party fears that if the presidential elections take place after the American vote, a hostile president might land in Baabda (the presidential palace), who would seek to disarm it, implement Resolution 1701, demarcate the land borders with Israel as well as with Syria, resolve the existing territorial disputes, control the eastern borders, and close illegal crossings.
Then, Hezbollah’s so-called “resistance against Israel” would lose its raison d'être.
In parallel, Hezbollah is eager to have a president of the republic elected before the US presidential vote. It is reportedly negotiating with mediators to bring about an independent figure that it can trust and who will not stab it in the back, as long as it is unable to have its candidate, Marada Party chief, Suleiman Frangieh, accede to the top post.
According to the diplomat, the party is moving toward resolving the presidential crisis before the American elections, after it became clear that the sanctions targeting people and companies that are contributing to its financing had begun to take effect.
The party fears that if the presidential elections take place after the American vote, a hostile president might land in Baabda (the presidential palace), who would seek to disarm it, implement Resolution 1701, demarcate the land borders with Israel as well as with Syria, resolve the existing territorial disputes, control the eastern borders, and close illegal crossings.
Then, Hezbollah’s so-called “resistance against Israel” would lose its raison d'être.
This Is Beirut
Comments