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Home Middle East

Lebanon Suffers $1.2 Billion in Damages since Gaza War

February 8, 2024
Lebanon Suffers $1.2 Billion in Damages since Gaza War
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The scale of destruction in Lebanon, due to the war between Hezbollah and Israel in the south, has reached $1.2 billion, while solutions to the crisis, now in its fourth month, remain elusive. 

International envoys only bring demands for Hezbollah to withdraw from the border area, along with Israeli threats.

“The Middle East” obtained the result of a study on the economic impact of the war conducted by unofficial entities, which revealed that the total losses in the south amount to about $1.2 billion.

These losses are primarily linked to infrastructure damage, roads, buildings, and agricultural lands. Additionally, there are about $300 million in indirect losses due to the closure of institutions and business stoppages.

Meanwhile, Lebanese officials, during their meetings with international envoys who visited Beirut in the past two weeks, reiterated Lebanon’s adherence to implementing Resolution 1701 “from both sides in parallel,” according to Lebanese sources engaged in discussions with international officials for “The Middle East.”

They dismissed the “formula” leaked by the American site “Axios” about a crystallizing solution, within a framework of “ideas satisfying the Israeli side, and Lebanon is not concerned with it.”

Tags: GazaLebanon
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