Gas queues in Lebanon as fears mount over food security
Mar 7, 2022
Hour-long queues outside gas stations have returned to Lebanon, as supplies of cooking oil and flour in shops dwindle amid mounting fears of a food security crisis.
As a result of the financial collapse and currency devaluation, Lebanon’s purchasing power has significantly declined, meaning its economy is almost entirely dependent on imports.
The prices of commodities, foodstuffs and services are now intertwined with global markets, and any international events, such as the Ukraine conflict, have direct effects on the Lebanese public.
Lebanon’s annual imports from Ukraine total about $500 million.
