UK, France, Germany urge Israel to renew Palestinian banking ties amid fears of economic collapse Related news

Diana Nunuț

LONDON The UK, France, and Germany on Thursday urged Israel to renew vital banking ties with Palestinian financial institutions for at least 12 months, warning that failure to do so could lead to the collapse of the Palestinian economy and destabilize the region. The appeal comes as Israel’s indemnification of its banks for cross-border transactions with its Palestinian counterparts is set to expire on Nov. 30, according to a statement by the UK government. It also coincides with Israel’s over