Israeli Banks Comply With Bidens Anti Settlement Sanctions; Smotrich, Ben-Givr Flip Out

skews13

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Mar 18, 2017
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The Biden administration announced sanctions on two West Bank settler outposts on Thursday (3/14/24). This is the first time that Israeli settlements, rather than individual settlers, have been hit with economic sanctions. These sanctions might seem like ineffectual moves, but that is only until you take into account the reach of the US financial system.

The Bank of Israel has announced that Israeli banks had no choice but to comply. Needless to say, Netanyahu, Smotrich, and Ben-Giver are not happy.

Yinon Levi, one of the settlers under U.S. sanctions, told Israel's Kan radio that Leumi had frozen his private and business accounts, and overturned his attempt to transfer out money.

David Chai Chasdai, another of the settlers under sanctions, told an Israeli newspaper that his account at the Postal Bank had been frozen.
Who is David Chai Chasdai, and why has he been sanctioned?


That must be tough.
 
The Biden administration announced sanctions on two West Bank settler outposts on Thursday (3/14/24). This is the first time that Israeli settlements, rather than individual settlers, have been hit with economic sanctions. These sanctions might seem like ineffectual moves, but that is only until you take into account the reach of the US financial system.

The Bank of Israel has announced that Israeli banks had no choice but to comply. Needless to say, Netanyahu, Smotrich, and Ben-Giver are not happy.

Yinon Levi, one of the settlers under U.S. sanctions, told Israel's Kan radio that Leumi had frozen his private and business accounts, and overturned his attempt to transfer out money.

David Chai Chasdai, another of the settlers under sanctions, told an Israeli newspaper that his account at the Postal Bank had been frozen.
Who is David Chai Chasdai, and why has he been sanctioned?


That must be tough.
They have frozen their money without warning? Unless they are war criminals or major oligarchs, this seems rather heavy handed no?

At least allow them their funds and give them proper warning otherwise. Many of the settlers have caused great harm to Israels reputation no doubt, but, we must remain a world of Due Process and Rule of Law.
 
They have frozen their money without warning? Unless they are war criminals or major oligarchs, this seems rather heavy handed no?

At least allow them their funds and give them proper warning otherwise. Many of the settlers have caused great harm to Israels reputation no doubt, but, we must remain a world of Due Process and Rule of Law.
They will simply go to Brics...

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