Israel to Cut Funds to Palestinians Following European Recognition of State

0 CuttNews - 22/05/2024

Israel has announced a decision to halt the transfer of vital funds to the Palestinian Authority (PA) as a form of punishment. This comes following the recent recognition of the State of Palestine by Spain, Ireland, and Norway. The move has been criticized by Israeli officials, with Foreign Minister Israel Katz comparing it to 'giving a gold medal to Hamas terrorists.' The PA, which oversees parts of the occupied West Bank, is heavily dependent on tax revenues collected by Israel. These funds constitute a significant portion of the PA's budget, particularly as international aid has decreased.
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