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TEL AVIV – The U.S. has asked international banks to place a financial embargo on the Palestinian Authority in a bid to exert pressure on the Palestinians to accept the Trump administration’s long-awaited peace plan, a senior PA official claimed.
“Major international financial institutions and parties have begun to accede to an American request to impose a tight financial siege on the Authority,” Hussein al-Sheikh told AFP in an Arabic-language interview published Sunday.
Washington - Aid - Authority - Circular - Banks
“Washington has asked for financial aid given to the Authority to be stopped, and it has also issued a circular to banks not to receive transfers for the Authority’s accounts.”
Al-Sheikh contended that “the sanctions began with preventing the transfer of an Iraqi grant worth $10 million, which was handed over to the Arab League recently. The League has not been able to transfer it because all banks have refused to accept it for transfer to the Authority’s finance ministry or the national fund.”
Comments - Prime - Minister - Benjamin - Netanyahu
His comments came after Prime Minister Benjamin Netanyahu vowed to begin cutting funds owed to the PA in taxes and tariffs over its payments to convicted terrorists and their families within a week’s time.
Al-Sheikh said that “the American decision is in line with an Israeli decision” to...
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