24 Hrs
Source:
الكتائب اللبنانية
Hezbollah's finances collapse under U S sanctions
The article reveals the deteriorating financial condition of the Hassan Loan Foundation affiliated with Hezbollah, amidst strict U.S. sanctions that are tightening the grip on the party's external funding sources. This has led to unprecedented rationing measures in granting dollar loans, with dealings now limited to pure gold and standard ounces, while the acceptance of processed jewelry gold has ceased. Additionally, dollar inflows have dropped to historic lows due to security targeting and international sanctions, along with rising costs for shelter and aid to conflict-affected populations. Sources indicate that the party's financial situation has become severely cash-strapped, prompting it to redirect resources to support its social and relief missions. This challenges the Foundation's ability to meet demand, threatening the complete collapse of the party’s alternative financial system.
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