The association of pharmaceuticals importers said the central bank has not released promised dollars to pay suppliers abroad, who are owed more than $600 million in accumulated dues since December.
Lebanon's medicine importers have said they had run out of hundreds of essential drugs and warned of more shortages, as the country's dire financial crisis batters the health sector.
Lebanese are grappling with a raft of shortages, including petrol, as the caretaker government discusses lifting subsidies it can no longer afford amid what the World Bank says is one of the world's worst financial crises since the 1850s.
The local currency has lost more than 90 percent of its value on the black market, but the central bank had been providing importers with dollars at a much more favourable official rate to cover a large part of the cost of imported drugs.
Medicine "imports have almost completely ground to a halt over the past month", the association of pharmaceuticals importers said in a statement.
Lebanese health officials said in early June that the country was missing 70 percent of its medicines and medical supplies.
Situation could be 'catastrophic' by July-end
The syndicate said the central bank has not released the promised dollars to pay suppliers abroad, who are owed more than $600 million in accumulated dues since December, and importers cannot obtain new lines of credit.
"Importing companies' stocks of hundreds of medicines to treat chronic and incurable diseases have run out," it warned.
"And hundreds more will run out through July if we cannot resume imports as soon as possible."
Syndicate head Karim Gebara told AFP some drugs to treat cardiac diseases, high blood pressure, diabetes, cancer and multiple sclerosis were already out of stock.
If nothing is done, "the situation will be catastrophic by the end of July" depriving "hundreds of thousands of patients" of their medication, he warned.
On Thursday, President Michel Aoun said he had agreed with ministers and the central bank chief to "continue subsidising medication and medical supplies" selected by the health ministry according to priority.
'Lives will be at risk'
The Lebanese state is providing less than five hours of electricity a day in most areas, as it struggles to come up with the foreign currency for fuel imports.
For the past months, Lebanese motorists have had to queue for hours outside petrol stations in scorching heat as fuel has become in short supply.
Filling up a car with petrol has increased by 55 percent in the past two weeks, as the government has slashed fuel subsidies.
Hospitals have also warned that worsening power cuts and fuel shortages were are also gravely impacting the health sector.
Asharq Al Awsat newspaper quoted the head of the private hospital syndicate Sleiman Haroun as saying that hospitals had enough fuel stocks to operate generators for just two days, instead of two weeks.
Electricity shortages hinder virus response
Firass Abiad, the head of the Rafic Hariri main public hospital battling the Covid pandemic, said the lives of patients were also at risk.
"For most hospitals in Lebanon, the major concern currently is not the (coronavirus) Delta variant, nor shortages in supplies. The major worry now is electricity, without which medical equipments cannot work," Abiad wrote on Twitter.
"Old generators cannot continue running nonstop. When they breakdown, lives will be at risk."
The government resigned after a deadly port explosion on August 4 last year, but a deeply divided political class has failed since to agree on a new cabinet to lift the nation out of crisis.