Ahead of the recent G7 summit, US Treasury Secretary Janet L. Yellen, in a rare rebuke of Israel, warned that its plans to cut off Palestinian financial institutions from the global banking system would threaten the West Bank’s economic stability. But her warning may have come too late to stop Israel’s far-right finance minister, Bezalel Smotrich, who seems bent on undermining the last vestiges of the Palestinian Authority’s (PA) already-limited self-governance in the West Bank. The sanctions that Smotrich wants to impose – specifically, revoking the waiver that allows Israeli banks to facilitate transactions with Palestinians without fear of legal action – are in respo
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