Hezbollah forced to cut budget over Iran aid shortage, faces new U.S. sanctions

The flag of Hezbollah. Credit: Hizbollah Flag via Wikimedia Commons.

(JNS.org) A source close to the central command of Hezbollah said the terror group is feeling the effects of Iran’s tough economic situation and will be forced to slash its budget.

According to the source, Iran is feeling the strain of international sanctions related to its nuclear program as well as expenses related to the Syrian civil war, and as a result has cut its aid to Hezbollah, Lebanon’s The Daily Star reported. 

Additionally, Hezbollah is feeling the effects of growing international scrutiny of its terror finance network, especially from the U.S. and European countries.

A new bipartisan U.S. Senate bill, called the Hezbollah International Financing Prevention Act of 2014, targets Hezbollah’s financing by going after financial institutions that help Hezbollah. This bill is similar to one introduced to the House of Representatives last month, which currently has 104 cosponsors. 

“This important bipartisan legislation is critical to disrupting Hezbollah’s global networks and limiting its ability to finance terror attacks, spread its extremist message, and recruit new members,” Mark Dubowitz, executive director of the Foundation for Defense of Democracies, said in a statement.

Posted on May 15, 2014 .