Protesters Block Lebanon Roads as Prices Spiral Out of Control

Demonstrators gather and ride on motorbikes during a protest against the fall in Lebanese pound currency and mounting economic hardship, in Beirut, Lebanon March 2, 2021. (Reuters)
Demonstrators gather and ride on motorbikes during a protest against the fall in Lebanese pound currency and mounting economic hardship, in Beirut, Lebanon March 2, 2021. (Reuters)
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Protesters Block Lebanon Roads as Prices Spiral Out of Control

Demonstrators gather and ride on motorbikes during a protest against the fall in Lebanese pound currency and mounting economic hardship, in Beirut, Lebanon March 2, 2021. (Reuters)
Demonstrators gather and ride on motorbikes during a protest against the fall in Lebanese pound currency and mounting economic hardship, in Beirut, Lebanon March 2, 2021. (Reuters)

Protesters in Lebanon burned tires and closed several major roads on Thursday in a third day of demonstrations as the severe economic crisis gripping the country continued to spiral out of control.

The new wave of protests began on Tuesday after the Lebanese pound plunged to record lows on the black market, raising fears that the deterioration will only get worse. Prices have skyrocketed in recent months.

In a new low, a fistfight broke out inside a supermarket in the Hazmieh area near Beirut over the purchase of subsidized powdered milk. Some supermarkets and groceries have started setting restrictions on how much people can purchase amid limited supplies and as panicked residents stock up on food at home.

The supermarket issued a statement later saying the fistfight broke out when a shopper attacked a branch manager who told him he cannot buy large amounts of subsidized milk and oil without considering the restrictions.

While officially the US dollar costs only 1,520 Lebanese pounds, the black market price was around 9,950 pounds on Thursday — a day after briefly hitting a record high of 10,000. Just a few months earlier, dollars could be bought at a rate of about 7,000 pounds for $1.

On Thursday evening, protesters burnt tires to block roads leading out of Beirut in Jal el Dib and Furn al-Shebbak. The main road was also blocked in Zouk district to the north of the capital.

“They are humiliating people with a bag of milk,” shouted one protester at the rally in Zouk. “The ruling class must go.”



EU’s Kallas Says She Hopes for Political Agreement on Easing Syria Sanctions

In this photograph taken on January 12, 2025, a vendor waits for customers at her mobile shop in the Damascus Tower market, which specializes in the smart phone business, in the Syrian capital. (AFP)
In this photograph taken on January 12, 2025, a vendor waits for customers at her mobile shop in the Damascus Tower market, which specializes in the smart phone business, in the Syrian capital. (AFP)
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EU’s Kallas Says She Hopes for Political Agreement on Easing Syria Sanctions

In this photograph taken on January 12, 2025, a vendor waits for customers at her mobile shop in the Damascus Tower market, which specializes in the smart phone business, in the Syrian capital. (AFP)
In this photograph taken on January 12, 2025, a vendor waits for customers at her mobile shop in the Damascus Tower market, which specializes in the smart phone business, in the Syrian capital. (AFP)

European Union foreign policy chief Kaja Kallas said on Wednesday she hopes a political agreement on easing Syria sanctions can be reached at a gathering of European ministers next week.

EU foreign ministers will discuss the situation in Syria during a meeting in Brussels on Jan. 27.

European officials began rethinking their approach towards Syria after Bashar al-Assad was ousted as president by opposition forces led by the Hayat Tahrir al-Sham (HTS) group, which the United Nations designates as a terrorist group.

Some European capitals want to move quickly to suspend economic sanctions in a signal of support for the transition in Damascus. Others have sought to ensure that even if some sanctions are eased, Brussels retains leverage in its relationship with the new Syrian authorities.

“We are ready to do step-for-step approach and also to discuss what is the fallback position,” Kallas told Reuters in an interview.

“If we see that the developments are going in the wrong direction, then we are also willing to put them back,” she added.

Six EU member states called this month for the bloc to temporarily suspend sanctions on Syria in areas such as transport, energy and banking.

Current EU sanctions include a ban on Syrian oil imports and a freeze on any Syrian central bank assets in Europe.