19 Hrs
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شبكة فلسطين الإخبارية
Israeli banks worry over sanctions on settlement funding
Israeli banks and the Israeli Central Army face potential international sanctions due to their funding of settlement construction projects in the West Bank, particularly in the strategic "E1" area between Jerusalem and Ma'aleh Adumim. Legal estimates warn of the possibility of being added to the UK sanctions regime, which is expanding to include financial institutions that support settlements, potentially restricting their access to funding and guarantees for the involved companies. Concerns center on the risks of exacerbating Israel's economic isolation, especially in light of Western and Arab countries' moves to impose restrictions on financial activities that support settlements, amid political and field pressures related to the "E1" plan, which obstructs the possibility of establishing a contiguous Palestinian state. Israeli financial institutions are monitoring the implications of these threats, amid calls for official warnings regarding the legal risks of participating in settlement tenders.
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