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April 9, 2014 3:07 pm

Hezbollah Reportedly Faces Financial Crisis Over Iran Cutbacks and Syrian Civil War

avatar by JNS.org

The Hezbollah flag. Credit: Wikimedia Commons.

JNS.org Hezbollah is facing a growing financial crisis, according to new reports.

A report in Asharq Al-Awsat, citing sources in Lebanon, said Hezbollah is facing increasing financial pressure over austerity measures by the Iranian government since President Hassan Rouhani took office last summer, as well as strain over the terror group’s involvement in the Syrian civil war.

Additionally, the report said Hezbollah is facing financial pressure from more aggressive prosecution by the United States and Europe over foreign sources of funding from Latin America and Africa.

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Last week, several members of the U.S. Congress proposed a new bill to increase sanctions on Hezbollah by targeting its banks and other financial institutions that support the terror group.

Germany, meanwhile, announced Tuesday that it banned the German charity Orphan Children Project Lebanon for raising money for Hezbollah. German police staged raids across the country on homes and offices used by the charity.

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