Hezbollah Denies Having Funds in Lebanese Banks

 Lebanon's Hezbollah deputy leader Sheikh Naim Qassem casts his vote as he stands next to Hezbollah parliament candidate Amin Sherri at a polling station during the parliamentary election, in Beirut, Lebanon, May 6, 2018. REUTERS/Mohamed Azakir
Lebanon's Hezbollah deputy leader Sheikh Naim Qassem casts his vote as he stands next to Hezbollah parliament candidate Amin Sherri at a polling station during the parliamentary election, in Beirut, Lebanon, May 6, 2018. REUTERS/Mohamed Azakir
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Hezbollah Denies Having Funds in Lebanese Banks

 Lebanon's Hezbollah deputy leader Sheikh Naim Qassem casts his vote as he stands next to Hezbollah parliament candidate Amin Sherri at a polling station during the parliamentary election, in Beirut, Lebanon, May 6, 2018. REUTERS/Mohamed Azakir
Lebanon's Hezbollah deputy leader Sheikh Naim Qassem casts his vote as he stands next to Hezbollah parliament candidate Amin Sherri at a polling station during the parliamentary election, in Beirut, Lebanon, May 6, 2018. REUTERS/Mohamed Azakir

The US designation of Hezbollah MPs Amin Sherri and Mohammed Raad, and the party’s security official Wafiq Safa, raised questions about the impact of this move on the party in particular and the Lebanese state in general.

In this regard, Hezbollah MP Walid Sukkarieh told Asharq Al-Awsat that the new measures would not impact the party and its deputies.

“There is no money for Hezbollah’s deputies in the US or even Lebanese banks… and they are not eager to travel to the United States. The party has long been classified as a terrorist group by the US administration, which knows that these sanctions can never affect it. The Lebanese state will not take any action to implement these sanctions,” he asserted.

Sukkarieh went on to say that Raad and Sherri were elected by the Lebanese people and enjoyed popular and political legitimacy.

“The party has ministers in the government. If the Lebanese state takes any action against any deputy or minister, it will collapse. So the Americans are exerting useless pressure,” he underlined.

The US sanctioned on Tuesday three top Hezbollah officials - the first time the US Treasury’s Office of Foreign Assets Control had designated a member of Lebanon’s parliament under a sanctions list that targets those accused by Washington of providing support to terrorist organizations. Washington has designated Hezbollah as a terrorist group.

Director of the Middle East Institute for Strategic Affairs, Economist Sami Nader, told Asharq Al-Awsat: “To understand the sanctions, we need to expand their scope, not just read them inside Lebanon.”

He explained: “Sanctions were imposed on Mohammad Raad, head of the largest parliamentary bloc because Hezbollah is the most powerful party in the system and leads an alliance of the parliamentary majority. Therefore, crushing it… puts Lebanon in front of the international community.”

Nader warned that Lebanon was in a precarious economic situation and needed help, especially that the CEDRE Conference has set conditions for the country’s access to funds and aid.

He went on to say: “Things will get harder. This is not limited to the issue of bank transfers. When an incident of this kind occurs and according to the sequence of events, a question arises: what would be the next step, if the sanctions reach the head of the parliamentary bloc that controls the Lebanese politics?”



Biden, Macron to Declare 60-Day Ceasefire between Hezbollah, Israel on Tuesday

 Smoke and flame rise after an Israeli airstrike on Beirut's southern suburbs, known as Dahiyeh, Monday, Nov. 25, 2024. (AP)
Smoke and flame rise after an Israeli airstrike on Beirut's southern suburbs, known as Dahiyeh, Monday, Nov. 25, 2024. (AP)
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Biden, Macron to Declare 60-Day Ceasefire between Hezbollah, Israel on Tuesday

 Smoke and flame rise after an Israeli airstrike on Beirut's southern suburbs, known as Dahiyeh, Monday, Nov. 25, 2024. (AP)
Smoke and flame rise after an Israeli airstrike on Beirut's southern suburbs, known as Dahiyeh, Monday, Nov. 25, 2024. (AP)

US President Joe Biden and French President Emmanuel Macron will declare on Tuesday morning a 60-day ceasefire between Israel and Hezbollah in Lebanon, Asharq Al-Awsat learned from widely informed sources on Monday.

Washington has spoken of “cautious optimism” that the US proposal for a ceasefire could be a success. The proposal calls for Hezbollah’s withdrawal from the area between the Blue Line and Litani River in a manner that can be verified. In return Israeli forces will withdraw from the regions they occupied since they carried out their limited invasion of Lebanon.

The discussions the US government had on the Lebanon-Israel ceasefire were positive and are headed in the right direction towards a deal, the White House said on Monday.

"We're close," said White House national security spokesperson John Kirby. "The discussions ... were constructive, and we believe that the trajectory of this is going in a very positive direction. But, yeah, nothing is done until everything is done." 

The relative positivity prevailed in spite of the ongoing wide-scale military operations between Israel and Hezbollah in the South and Israel’s air raids deep in Lebanese territory. Hezbollah has also fired rockets deep in Israel, reaching Tel Aviv.

Analysts have said the intense attacks suggest that both Israel and Hezbollah are trying to maximize their leverage as diplomats conduct what they hope is a final round of ceasefire talks, reported the New York Times on Monday.

The New York Times reported on Friday that the terms included a 60-day truce during which Israeli forces and Hezbollah fighters pull back from border areas and the Lebanese Army and a United Nations peacekeeping force increase their presence in a buffer zone.

But officials have also warned that the two sides may not be able to finalize a deal, and Israeli Prime Minister Benjamin Netanyahu has faced pressure from right-wing allies not to end the military campaign.

Israel’s hard-line national security minister, Itamar Ben-Gvir, said in a social media post on Monday that the proposed deal would be a “historic missed opportunity to eradicate Hezbollah.”

Observers meanwhile told Asharq Al-Awsat that all pending issues related to the US proposal have been resolved from the Lebanese side, while Israel has some lingering reservations.

Israeli officials said Netanyahu’s security Cabinet is set to convene on Tuesday to discuss the ceasefire proposal.

Two officials confirmed the Cabinet meeting is set for Tuesday, but they said it is still not clear whether the decision-making body will vote to approve the deal.

The officials spoke to The Associated Press on condition of anonymity because they were discussing internal deliberations.