04/11/14

Permalink Incredibly, Israel slaps Palestine with economic sanctions amid collapsing "peace talks"

​Israel has imposed additional economic sanctions against Palestine in response to its unilateral decision to join 15 international conventions last week which Tel Aviv claims to be in breach of conditions of the ongoing "peace talks". “It has been decided to freeze the transfer to the Palestinian Authority of the taxes collected by Israel on its behalf,” an Israeli official told AFP. Reuters too confirmed the reports adding that Tel Aviv will deduct “debt payments” from tax transfers which the Palestinians receive. Israel will also place a limit on Palestinian bank deposits in Israel. Israel monthly collects some $110 million in taxes on goods bound for the Palestinian territory which roughly amounts to around two-thirds of the income received by the Palestinian Authority. Palestinian debts to Israel for services total at least a month's worth of revenue, local Israeli media reports. Palestine was quick to denounce the new sanctions. “These sanctions will not scare us and they're evidence to the world that Israel is a racist occupation state that has resorted to the weapon of collective punishment in addition to other practices including settlements and their expansion and the denial of our most basic rights as a people,” Senior Palestinian official Yasser Abed Rabbo told Reuters.

PressTV. State of Palestine can accede to Geneva Conventions: Bern

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