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Report: Hezbollah on Verge of Serious Cash-Flow Crisis
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by David Daoud
Hezbollah leader Hassan Nasrallah. Reports says the organization is on the verge of a financial crisis. Photo: IDF Blog.
Hezbollah is on the verge of a serious financial crisis, the Israeli news site nrg reported on Monday.
According to the report, based on Lebanese sources, the reason for this is two-fold: the Lebanon-based terrorist organization is spreading itself too thin on multiple military fronts, and the US Congress is imposing sanctions on banks doing business with the Iranian proxy group.
Hezbollah sources speaking on condition of anonymity said that the organization has yet to pay the November and December salaries of its members, as well as meet other financial obligations, promising to sort it out at the beginning of 2016.
Earlier this month, the US House of Representatives voted unanimously to impose new sanctions on banks knowingly doing business with Hezbollah, directing President Obama to take putative measures against financial institutions conducting transactions with — or laundering funds for — the organization.
The legislation also targets Hezbollah’s Al-Manar television station, aiming to cut broadcasts aired by satellite operators.
