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Israel's Finance Minister Threatens Palestinian Economy With Bank Revocation

6/13/2025

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Summary

Story summary

Israel's Finance Minister Bezalel Smotrich's decision to revoke indemnity for banks working with the Palestinian Authority (PA) poses a grave threat to the already fragile Palestinian economy. This move, tied to the PA's opposition to Israeli settlements, has drawn urgent warnings from the U.S. and UN about looming humanitarian crises if Palestinian banks lose access to the global financial system.

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Story summary

Israel's Finance Minister Bezalel Smotrich's decision to revoke indemnity for banks working with the Palestinian Authority (PA) poses a grave threat to the already fragile Palestinian economy. This move, tied to the PA's opposition to Israeli settlements, has drawn urgent warnings from the U.S. and UN about looming humanitarian crises if Palestinian banks lose access to the global financial system.