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During this week, Lebanon will receive 35 thousand tons of wheat from Russia and Ukraine, confirms the head of the Lebanese flour millers association Ahmad Khoteit in an interview with the Reuters agency.
In June, Lebanon's Minister of Economy Amin Salam stated that the country has wheat reserves sufficient for only one and a half months, as reported by the Prime news agency.
According to Khoteit, ships carrying wheat are heading to Lebanon from Ukrainian ports in Reni and Izmail, as well as from Russian ports in Rostov-on-Don and Port Kavkaz.
In May, Salam remarked that Lebanon had obtained approval from the World Bank for an emergency loan of $150 million to finance wheat imports. Earlier, the Director-General of Lebanon's Economic and Social Council, Mr. Mohammad Seifeddine, discussed the situation in an interview with the RIA Novosti news agency. He noted that 65% of all imported wheat in Lebanon comes from Russia and Ukraine, so the government must find reliable alternative sources and ensure the availability of enough dollars to purchase wheat to meet the country's needs. According to Mr. Seifeddine, the crisis in Ukraine threatens the stability of wheat supplies to Lebanon.
Lebanon has been in a deep financial and economic crisis for over two years, accompanied by political and social tensions. As a result of the crisis, the country's banking system is almost completely paralyzed, and the national currency has depreciated more than 20 times against the dollar. Consequently, over 70% of the country's population has fallen below the poverty line.
