Cutting off Palestine from global banking system would be ‘catastrophic’ – FT ...News

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Cutting off Palestine from global banking system would be ‘catastrophic’ – FT
source : Russia Today ( News ) () 83
Israel has threatened to revoke a protection waiver for maintaining ties with financial institutions in the West Bank Western officials have warned of an “economic catastrophe” in the occupied West Bank if Israel does not renew a vital banking waiver, the Financial Times reported on Wednesday. The waiver, which Israeli banks need to maintain relations with their Palestinian counterparts, is set to expire on July 1. It allows payments for vital services and salaries tied to the Palestinian Authority (PA). It also facilitates the import of food, water, and electricity into the occupied Palestinian territories. Three

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