BEIRUT, Nov 11: Hizbollah called on Arab states on Sunday to resist pressure from the United States to freeze the guerrilla group’s financial assets.

Ammar al-Moussawi, a senior official, said Washington was seeking to destabilise Lebanon’s banking system and put pressure on Syria and Iran, who back Hizbollah’s war against Israeli troops occupying a disputed area in the foothills of the Golan Heights.

Lebanon last week rejected Washington’s request that it seize Hizbollah’s assets, raising concern among bankers about financial stability if the United States follows by imposing sanctions on local banks.

“There should be a firm Arab position on the necessity of separating resistance from terrorism,” Moussawi told Voice of the People, the radio station of the Lebanese Communist Party.

Under rules enacted after the September 11 attacks, Washington can block the holdings of foreign banks which refuse to freeze the assets of groups it deems “foreign terrorist organisations”.

The United States added Hizbollah to a list of 22 such groups on November 2 and said last week it was exploring the possibility of retaliatory financial action against Lebanon.

“The address is Hizbollah, but the target is Lebanon, Syria, Iran and regimes that do not take positions agreeing with US policy,” Moussawi said.—Reuters

Opinion

Editorial

Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....
Rigging claims
Updated 04 May, 2024

Rigging claims

The PTI’s allegations are not new; most elections in Pakistan have been controversial, and it is almost a given that results will be challenged by the losing side.
Gaza’s wasteland
04 May, 2024

Gaza’s wasteland

SINCE the start of hostilities on Oct 7, Israel has put in ceaseless efforts to depopulate Gaza, and make the Strip...
Housing scams
04 May, 2024

Housing scams

THE story of illegal housing schemes in Punjab is the story of greed, corruption and plunder. Major players in these...