By Reuters Staff
2 Min Read
MOSCOW (Reuters) - Lebanese Prime Minister designate Saad al-Hariri intends to ask Russia for economic assistance during a visit to Moscow later this week, the RIA news agency cited his special representative as saying on Tuesday.
FILE PHOTO: Prime Minister-designate Saad al-Hariri speaks after meeting with Lebanon s President Michel Aoun at the presidential palace in Baabda, Lebanon March 22, 2021. REUTERS/Mohamed Azakir
Hariri will seek Moscow’s help restoring the port in Beirut, devastated by a huge chemical explosion last August, and building electric power stations, RIA said.
The explosion killed 200 people and caused billions of dollars worth of damage, further weakening an economy already facing meltdown as a banking crisis sent the value of the Lebanese pound plunging against the U.S. dollar.
Ливан планирует попросить у России экономическую помощь
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Lebanon to Ask Russia for Help Restoring Port, Building Power Plants
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BEIRUT: The dollar exchange rate against the Lebanese pound rose again on Tuesday despite the measures taken by the security forces to pursue black market money-changers.
The dollar exchange rate has reached 10,500 Lebanese pounds, a rise of 200 Lebanese pounds since Monday.
Meanwhile, illicit money-changers were pursued by the authorities in Beirut and its suburbs. Money-changers were arrested in Tire and Chtaura, and black market shops that exchange dollars were closed and sealed with red wax.
The security forces raided homes and centers where money-changing activity normally takes place. This move coincided with a ban on local platforms and websites that trade dollars.
Senior Russian diplomat, Lebanese PM envoy discuss situation in Lebanon
The Russian side had reaffirmed its principled support for Lebanonâs sovereignty, independence, territorial integrity and stability
MOSCOW, December 15. /TASS/. Russian Special Presidential Envoy for the Middle East and Africa, Deputy Foreign Minister Mikhail Bogdanov and George Shaaban, Personal Representative of Lebanese Acting Prime Minister Saad Hariri, have had a meeting Tuesday to discuss the political and economic situation in the country. An in-depth exchange of opinions on the emerging social, political and economic situation in Lebanon took place, the Russian Foreign Ministry said in a statement.
The ministry informed that the Russian side had reaffirmed its principled support for Lebanon’s sovereignty, independence, territorial integrity and stability. In this context, the emphasis was placed on the need to quickly form a capable government of Lebanon based on consensus between all politi