` Israel Bars Palestinian Banks from Making Shekel Deposits in their Financial Institutions

#AceWorldNews – JERUSALEM – May 17 – Israel has barred Palestinian banks from making shekel deposits in Israeli financial institutions and will run Palestinian electricity at half strength for an hour every day.

According to Haaretz newspaper, the punitive measures are in response to a reconciliation agreement signed last month between the more moderate Palestinian Fatah Party, which governs the Palestinian Authority, and the militant group Hamas, which controls Gaza. Israel, the United States, and Europe regard Hamas as a terrorist organization.

However, Israeli Electric Company pointed to a debt of US$154 million owed by the Palestinian Jerusalem District Electric Company as the reason for the measure.

#ANS2014

#europe, #fatah, #gaza, #hamas, #israel, #jerusalem, #palestinian, #united-states