Tags: APFN | ML | Lebanon | Hezbollah US Sanctions

US Sanctions against Hezbollah Will Not Target Banks: Banker

Monday, 23 October 2017 09:38 AM EDT

BEIRUT (AP) — A top Lebanese banker says new U.S. sanctions against the militant Hezbollah group expected to be released in the near future are not likely to affect the country's banking sector.

The U.S. House of Representatives is expected to vote soon on new sanctions against Hezbollah. It is still not clear whether the sanctions will target Hezbollah's allies in Lebanon.

The new American sanctions will come nearly two years after then U.S. President Barack Obama signed the Hezbollah International Financing Prevention Act that imposes sanctions on banks that knowingly do business with the group.

Joseph Torbey, head of Association of Banks in Lebanon, told reporters Monday that U.S. officials have reassured a Lebanese delegation that visited Washington recently that the sanctions are not going to target the Lebanese banking sector.

© Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


MiddleEast
A top Lebanese banker says new U.S. sanctions against the militant Hezbollah group expected to be released in the near future are not likely to affect the country's banking sector.The U.S. House of Representatives is expected to vote soon on new sanctions against Hezbollah....
APFN,ML,Lebanon,Hezbollah US Sanctions
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2017-38-23
Monday, 23 October 2017 09:38 AM
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