Reported 5 months ago
US Treasury Secretary Janet Yellen criticized Israel for withholding revenues collected on behalf of the Palestinian Authority, warning against cutting Palestinian lenders off from Israeli correspondent banks. Yellen stated that these moves threaten economic stability in the West Bank, as correspondent banks play a crucial role in facilitating imports and exports vital for Palestinian livelihoods. Israeli Finance Minister Bezalel Smotrich had called for punitive measures against the PA amid the ongoing conflict with Hamas in Gaza. Yellen emphasized the adverse effects of such decisions on the West Bank economy and stated that diplomatic efforts will be made to ensure the financial arrangement continues.
Source: YAHOO