Saudi halts $4bn arms deals with Lebanon

Feb 29, 2016, 22:00
Saudi halts $4bn arms deals with Lebanon

In light of positions taken by Hezbollah the kingdom proceeded to "a total evaluation of its relations with the Lebanese republic", an unnamed official told the Saudi Press Agency.

The government in Riyadh has also made a decision to block a further $1 billion in aid, which is the remainder of a programme in support of Lebanon's internal security services.

"If other producers want to limit or agree to a freeze in terms of additional production, that may have an impact on the market, but Saudi Arabia is not prepared to cut production", Adel al-Jubeir told AFP in an exclusive interview. The Saudi pledge by the late King Abdullah, announced in December 2013, was described at the time as the largest-ever single grant to the Lebanese armed forces.

The $3 billion program funded military equipment provided by France.

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Saudi Arabia is regarded as the de facto leader of the organisation of the petroleum exporting countries (OPEC).

In a clear reference to non-Arab Iran, Gulf Cooperation Council Secretary-General Abdullatif al-Zayani said it was "deeply regretful that Lebanon's decision-making was now hostage to the interests of a regional power, contradicting Arab national security and the interests of the Arab nation".

Hezbollah chief Hassan Nasrallah on Tuesday accused Turkey and Saudi Arabia of dragging the entire region into war and said "victory" was imminent for his group and its Syrian regime allies. The Lebanese decision is "inconsistent with the fraternal relations between the two countries and they are not taking into account their interests".

Russia, Saudi Arabia, Qatar and Venezuela are ready to freeze production at January levels if other producer countries do the same, Novak said after the talks in Doha on February 16.

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The official said the Sunni-ruled kingdom had noted the "confiscation of the will" of the Lebanese state by the Iran-backed Shia Hezbollah movement.

Saudi Arabia is halting a $3bn (£2.1bn) military aid package to Lebanon, as part of what one Saudi official called a "reassessment" of relations.

The Saudi decision came after Bassil declined to support Saudi resolutions against Iran during two meetings of Arab and Muslim foreign ministers.

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