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Netanyahu seeks sanctions preparations over possible US military aid cut
Israeli Prime Minister Benjamin Netanyahu said US military aid could end and called for preparations against economic and banking sanctions. Netanyahu said no date had been set for the aid to be cut and that the US had not announced an official decision to do so.
Four days before Israel’s parliamentary elections, Prime Minister Benjamin Netanyahu said the tens of billions of dollars in US military aid for the defense budget might not continue and called for preparations against possible sanctions.
In remarks to Channel 10 television on Friday, Netanyahu said the end of US military aid was "only a matter of time." The prime minister did not give a date for when the aid would be cut, nor did he say that the US had announced an official decision to end its military support.
Netanyahu said he had ordered preparations for economic and banking sanctions and called for alternative financial technologies to be assessed. He argued that Israel needed to develop alternative economic and financial mechanisms to overcome possible sanctions.
Asked whether blockchain technology could be an option in this area, Netanyahu said it could be one of the ways forward and that he had requested the preparation of a plan.
Golan calls for change of government
Yair Golan, leader of the opposition Democrats Party, criticized Netanyahu’s remarks on X. Golan accused the prime minister of being disconnected from reality.
Golan called for action against "Jewish terrorism," which he said damages Israel’s international reputation, the preservation of strategic alliances and a change of government to prevent economic sanctions.
The Democrats Party leader called for a new government to be formed after next week’s elections without Netanyahu, National Security Minister Itamar Ben-Gvir or Shas Party leader Aryeh Deri.
Under an agreement signed between Israel and Washington in 2016, Israel receives $38 billion in military aid over a 10-year period scheduled to end in 2028. Netanyahu had previously also advocated reducing Israel’s dependence on US military aid and strengthening the country’s domestic defense industry.
Source: Anadolu Ajansı
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