The European Parliament has called on Brussels to propose a list of individuals and authorities eligible for sanctions, in a very public piling up of pressure on Lebanon’s political class.
In an extraordinary resolution passed on Thursday afternoon, the parliament described the unfolding crisis in Lebanon as “a man-made disaster caused by a handful of men across the ruling political class,” while calling for the quick implementation of sanctions as per a new regime announced by Brussels at the end of July.
The motion passed by a landslide, with 575 votes in favour, securing cross-party support and seeing off a last-minute effort by socialist groups within the parliament to water down the threat of sanctions on Lebanon.
The resolution called for an EU observation mission for Lebanon’s scheduled elections and gave a warning “that elections in May 2022 must by no means be postponed”.
The motion described Lebanon as being in “the state of institutional breakdown” and proposed “an International Humanitarian Task Force under the auspices of the United Nations in order to support the implementation of humanitarian assistance and oversee the use of the funds”.
Christophe Grudler, the French MEP leading the resolution said the EU could not afford to wait for months.
“We need strong sanctions and quick sanctions in order to move on and have a better future in Lebanon,” he told The National shortly before the vote.
“If there are no sanctions, there will be no progress. If there are no sanctions, people who are involved in the bad use of money will continue to do so.”
He said that implementing sanctions would be vital for Lebanon to gain desperately needed international support.
“It’s impossible for the international community to give money if it is ending up in the pockets of certain people,” he said.
“After that we can continue to have discussions with the IMF, there will be money from the EU, of course, but first we must see the end of corruption. It is impossible to let them continue with this behaviour.
“It’s a resolution for the Lebanese people,” he said.
Mr Grudler is a member MoDem, a centrist party in coalition with French President Emmanuel Macron’s En Marche party.
Yet speaking earlier in the week, the EU's foreign policy chief Josep Borell, addressing the parliament in Strasbourg, appeared more willing to give the new government formed by Prime Minister Najib Mikati a grace period to demonstrate its willingness for reforms.
The motion increases pressure on Lebanon’s political class as EU member states begin drawing up lists of names liable to be hit by a sanctions regime announced at the end of July.
The EU’s push for sanctions was led by France and Germany, with the UK and US also in the process of preparing their own sets of sanctions on Lebanese politicians. Anyone sanctioned by Brussels would be subject to visa bans and frozen assets.
Company%20Profile
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New schools in Dubai
Race card
6.30pm: Maiden (TB) Dh 82,500 (Dirt) 1.600m
7.05pm: Maiden (TB) Dh 82,500 (D) 2,000m
7.50pm: Handicap (TB) Dh 82,500 (D) 1,600m
8.15pm: The Garhoud Sprint Listed (TB) Dh 132,500 (D) 1,200m
8.50pm: The Entisar Listed (TB) Dh 132,500 (D) 2,000m
9.25pm: Conditions (TB) Dh 120,000 (D) 1,400m
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Hydrogen: Market potential
Hydrogen has an estimated $11 trillion market potential, according to Bank of America Securities and is expected to generate $2.5tn in direct revenues and $11tn of indirect infrastructure by 2050 as its production increases six-fold.
"We believe we are reaching the point of harnessing the element that comprises 90 per cent of the universe, effectively and economically,” the bank said in a recent report.
Falling costs of renewable energy and electrolysers used in green hydrogen production is one of the main catalysts for the increasingly bullish sentiment over the element.
The cost of electrolysers used in green hydrogen production has halved over the last five years and will fall to 60 to 90 per cent by the end of the decade, acceding to Haim Israel, equity strategist at Merrill Lynch. A global focus on decarbonisation and sustainability is also a big driver in its development.
MATCH STATS
Wolves 0
Aston Villa 1 (El Ghazi 90 4' pen)
Red cards: Joao Moutinho (Wolves); Douglas Luiz (Aston Villa)
Man of the match: Emi Martinez (Aston Villa)
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
SPECS
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Libya's Gold
UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves.
The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.
Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.
A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.
MATCH INFO
Uefa Champions League semi-finals, first leg
Liverpool v Roma
When: April 24, 10.45pm kick-off (UAE)
Where: Anfield, Liverpool
Live: BeIN Sports HD
Second leg: May 2, Stadio Olimpico, Rome
WIDE%20VIEW
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THE POPE'S ITINERARY
Sunday, February 3, 2019 - Rome to Abu Dhabi
1pm: departure by plane from Rome / Fiumicino to Abu Dhabi
10pm: arrival at Abu Dhabi Presidential Airport
Monday, February 4
12pm: welcome ceremony at the main entrance of the Presidential Palace
12.20pm: visit Abu Dhabi Crown Prince at Presidential Palace
5pm: private meeting with Muslim Council of Elders at Sheikh Zayed Grand Mosque
6.10pm: Inter-religious in the Founder's Memorial
Tuesday, February 5 - Abu Dhabi to Rome
9.15am: private visit to undisclosed cathedral
10.30am: public mass at Zayed Sports City – with a homily by Pope Francis
12.40pm: farewell at Abu Dhabi Presidential Airport
1pm: departure by plane to Rome
5pm: arrival at the Rome / Ciampino International Airport