Hezbollah Condemns US Sanctions on Banks Dealing With Group

May 12, 2016 3:13 PM

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Hezbollah's parliamentary bloc says U.S. sanctions on banks that do business with the militant group could threaten Lebanon's financial sector, hinting that supporters may withdraw their money from local banks.

Thursday's statement says that by abiding by the U.S. law, which came into effect last month, Lebanon's central bank and private banks would be participating in "a war of exclusion" against the group.

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