Raad Calls for Balancing between 'Financial Stability, Sovereignty'

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Hizbullah's top lawmaker called Monday for “balancing” between “financial and banking stability” and the requirements of national “sovereignty,” amid a row over the implementation in Lebanon of a U.S. anti-Hizbullah sanctions law.

“It is a bizarre paradox that some have been demanding sovereignty and rejecting hegemony for the past ten years while now they consider sovereignty to be the implementation of the U.S. laws, even if these laws are imposing sanctions on our people,” head of the Loyalty to Resistance bloc MP Mohammed Raad said.

He added: “We want financial and banking stability for our country but we also want the government and the institutions that are in charge of the national monetary system to preserve national sovereignty.”

“The equation that must be implemented should be balancing and harmonizing between the protection of Lebanon's financial sovereignty and the requirements of preserving the institutions' general stability,” Raad urged.

The lawmaker's remarks are the first public comments by Hizbullah on the U.S. sanctions since a bomb blast targeted the headquarters of BLOM Bank in Verdun on June 12.

Several parties were quick to point the finger at Hizbullah over the bombing due to the fact that the attack coincided with the row with the banking sector.

BLOM bank had been criticized by some pro-Hizbullah politicians for taking a hard-line position after Lebanese banks began abiding by the U.S. law, which sanctions doing business with the Iran-backed Lebanese group. Authorities say dozens of bank accounts related to Hizbullah's organizations have been closed in recent weeks.

Hizbullah has fiercely criticized the law and accused Central Bank Governor Riad Salameh of "yielding" to Washington's demands.

The crisis between Hizbullah and Salameh has however eased in recent days, according to media reports, after the governor ordered the reopening of several closed bank accounts.

Hizbullah Secretary General Sayyed Hassan Nasrallah is expected to address the issue in a June 24 speech.

Y.R.

Comments 7
Thumb justin 20 June 2016, 18:34

Raad Calls for Balancing between 'Financial Stability, Sovereignty'

Iranian owned hezbollah are the last to talk of sovereignty!

Thumb ice-man 20 June 2016, 19:11

Southern My Friend (MF)

what's your take on Cleveland wining the NBA finals? Are you into sports as much as you are into politics?

Thumb shoo-yaba 20 June 2016, 20:00

The only sovereignty that's affected is yours and HA, the rest of the people are fine :)

Thumb shab 20 June 2016, 20:39

lool

Missing peace 20 June 2016, 20:40

funny...
1/ a party that pledged ALLEGIANCE to iran talks about lebanese sovereignty...

2/ a party that claims it does not need lebanese banks now is bothered by sanctions that should not affect them as they pretend not to use lebanese banks LOL

3/ a party that signed the baabda agreement and then spits on it to fight for a foreign country talks about sovereignty while spitting on the lebanese institutions and promises they made!

Thumb Al-Ba3th 20 June 2016, 20:51

I'm pretty sure, in your zeal to defend and protect Lebanon's national sovereignty, your mercenaries are going through the Lebanese customs and have their passports checked by a Lebanese customs agents every time they go into Syria and back. I can see it now..
Border guard: Anything to declare
Hezbollah member: Yup, my eternal undying servitude and loyalty to the Ayatollah in Iran and his divine orders.. oh and this box of Baraze2.

Thumb marcus 20 June 2016, 21:07

they step and spit on Lebanese sovereignty 100 times a day.