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Blogging Lebanese politics, business and society since 2005

This Is Going To Be Fun

Naharnet:

A U.S. delegation headed by Treasury Department Undersecretary Stuart Levey is in Beirut to verify with Lebanese officials the country’s commitment to [..] sanctions against Iran. The delegation will check how far Lebanese banks and companies are abiding by the [UN] resolution

On one hands, many banks and companies will be frightened to be blacklisted for breaking UN sanctions (if a bank was found to be dealing with the bad Irani guys, its operations in the US and Europe will be shut down), on the other hand, a large part of Lebanon trades actively with Iran and receives large amounts of aid and guns from that country. So it would be very difficult to disentangle from the Iranian banking system.

I wonder how we’re going to sort this one out..