Report: Iran Cuts Back on Financial Support for Hizbullah
Iran has informed Hizbullah that it would have to cut down its yearly financial support for the party, informed Gulf sources told the Kuwaiti al-Qabas newspaper on Wednesday.
The sources estimated that Tehran sends annually 350 million dollars to Hizbullah. That amount is spent on the salaries of party members, the families of martyrs and the group’s projects in the South, the Bekaa and Beirut’s southern suburbs, they told the daily.
The sources said the cut would come after Iran increased its financial support for the Syrian regime to help it confront the financial and economic crisis that erupted after the political uprising against Syrian President Bashar Assad in March.
The cut back also comes against the backdrop of international sanctions against the Iranian government, they added.
But Hizbullah is seeking to garner the financial support of Gulf traders to compensate for the losses incurred over Tehran’s decision, the sources told al-Qabas.
Security agencies at a Gulf country questioned at least one trader after suspecting that he was making financial contributions to Hizbullah, they said.
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