Palestinian leader warns of blockade and settlements harming peace

Palestinian President Mahmoud Abbas stated that the financial blockade imposed by Israel on the Palestinian Authority and the expansion of settlements threaten the chances of achieving peace in the region. He explained that Israel is holding approximately $11 billion of Palestinian funds, including $6 billion in tax revenues and $5 billion in frozen bank accounts, which affects employees' salaries and hampers the Palestinian government's financial commitments. He also emphasized the need to establish a ceasefire, introduce aid, and restore reconstruction in the Gaza Strip, amid ongoing Israeli escalation on the ground.

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