Could new US sanctions threaten the future of West Bank settlements?

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Joe Biden’s latest executive order gives scope to target the finances of Israeli politicians and businesses linked to extremists

A Palestinian boy stands at the window of a damaged house, in the aftermath of an Israeli settler attack on the occupied West Bank village of Duma, on 17 April 2024.A Palestinian boy stands at the window of a damaged house, in the aftermath of an Israeli settler attack on the occupied West Bank village of Duma, on 17 April 2024.

“Israel must do more to stop violence against civilians in the West Bank and hold accountable those responsible,” US secretary of state Antony Blinken said“The United States will continue to take actions to advance foreign policy objectives … including the viability of a two-state solution.”, the US government’s Financial Crimes Enforcement Network, said Shuki Friedman, a law scholar, global sanctions consultant and former head of Israel’s Iran sanctions programme.

“The sanction regime could redraw the Green Line,” Sfard said, referring to Israel’s internationally recognised boundaries from the end of the 1948 Arab-Israeli war. “The Green Line doesn’t exist in the Israeli political system, in Israeli economic life, in transportation and infrastructure. You can live and do business in the settlements without any disruption,” Sfard said.

“These sanctions could potentially force Israelis to make a choice, between supporting settler extremists and keeping a connection to the international financial system,” Sfard said. “If they have to chose between a weekend in Rome or shopping in Oxford Street and supporting settlers, I know what many will chose.”

“One shouldn’t only go after violent individuals,” he said, pointing out that young men attacking Palestinians are not managing the broader political project. “At 25 I didn’t have the financial capacity to build a house on hilltop with road and utilities and 500 cows. Someone is funding them.”

 

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