G7 finance ministers were set to urge Israel Saturday not to disrupt "vital financial transactions" in the occupied Palestinian territories, following indications it could cut off Palestinian banks. "We call on Israel to take the necessary measures to ensure that correspondent banking services between Israel i and Palestinian banks remain in place, so that vital financial…
The G7 ministers gathered in Stresa also urged Israel “to release withheld clearance revenues to the Palestinian Authority, in view of its urgent fiscal needs”. Yellen warned of the eventual risk of a “humanitarian crisis” if this happened, and said she had raised her concerns with Israel. Smotrich’s threat came after Norway joined Ireland and Spain earlier this week in recognising a Palestinian state.
Source: News Formal (newsformal.com)
Israel Israel-Hamas War Janet Yellen Palestinian Banking Services
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