Lebanon leaders may face sanctions unless crisis solved, EU’s Borrell warns

  • Date: 19-Jun-2021
  • Source: Ya Libnan
  • Sector:Economy
  • Country:Lebanon
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Lebanon leaders may face sanctions unless crisis solved, EU’s Borrell warns

EU foreign policy chief Josep Borrell warned Saturday that Lebanese leaders could face sanctions unless they pull the country away from financial collapse and strike a deal with the IMF.

Lebanon is facing what the World Bank has described as one of the world's worst economic crises since the 1850s.

A political crisis has left the country without a functioning government since the last once resigned after a massive explosion killed dozens and destroyed swathes of Beirut in August 2020.