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US weighs sanctions against Central Bank chief Salameh-Bloomberg

Middle East

04-03-2021 | 15:31

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US weighs sanctions against Central Bank chief Salameh-Bloomberg

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The US is considering imposing sanctions against Banque Du Liban Governor Riyad Salameh “as a broader investigation into the alleged embezzlement of public funds in the country gathers pace,” Bloomberg quoted four people familiar with the matter as saying.

Officials within the new Biden administration have discussed the possibility of coordinated measures with their European counterparts targeting Salameh, Bloomberg said quoting the people who requested anonymity because the talks are private.

They also said that “discussion has so far focused on the possibility of freezing Salameh’s overseas assets and enacting measures that would curtail his ability to do business abroad.”

“Deliberations are ongoing and a final decision over whether to take action may not be imminent,” they added.

This as two of those people noted that U.S. authorities have considered penalizing Salameh before adding that possibility emerged “as recently as last year, but then-President Donald Trump wasn’t interested in taking action.”

“His administration focused much of its Middle East policy on countering the influence of Iran and its proxies like Lebanon-based Hezbollah, whereas President Joe Biden has initially emphasized accountability on corruption and human rights abuses,” they added.

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