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Home News Israel at War Gaza War

Israel prepares for sanctions, blocking of bank accounts against soldiers in Gaza

Ahead of the planned IDF operation in Rafah, the Biden administration is considering imposing sanctions on soldiers serving in Gaza. Such a decision by the US administration could see European nations follow suit. 

by  Shirit Avitan Cohen
Published on  03-08-2024 09:18
Last modified: 06-03-2024 14:27
KKL–JNF employees contribute over NIS 1M for aid to IDF soldiersIDF Spokesperson's Unit

Israeli soldiers in the Gaza Strip | Photo: IDF Spokesperson's Unit

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Israel has been preparing to protect its soldiers as they face possible sanctions by banks worldwide for fighting against the Hamas terror organization in Gaza, Israel Hayom has learned. 

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Ahead of the planned IDF operation in Rafah, considered vital to dismantle Hamas and secure the release of the 134 hostages still held by the terror group, the Biden administration is reportedly considering imposing sanctions on certain soldiers serving in Gaza, similar to how it imposed sanctions on Israeli settlers for "violence." Such a decision by the US administration could see European nations follow suit. 

Video: Israeli military steps up strikes on Hamas in Gaza's Khan Younis / Credit: IDF

A report to the members of the Foreign Affairs and Security committees says that there is a real threat from friendly countries to step up actions against IDF soldiers who will participate in the operation in Rafah as well as in Judea and Samaria. Among other things, the committee was informed of the steps taken in Britain in order to receive reports of "war crimes" originating in Israel, after signs calling for "handing over information" were hung throughout the country's airports.

The Knesset has called for a solution to the problem as well. Diaspora Affairs Minister Diaspora Affairs (Likud) met last week with the deputy banking supervisor after he threatened to introduce legislation on the matter, and the two are said to be working on an alternative plan to protect the soldiers, one that would not require legislation. 

Banking officials expressed concern that without cooperation with the international sanctions system, Israel will become isolated. Nevertheless, there is a need to act to aid the citizens who although did not have indictments filed against them, did have their bank accounts frozen. 

Chikli told Israel Hayom that "the banking supervisor must ensure that the banks protect the property rights of their customers as much as possible. It should be a sacred value."

Bank Israel said in a statement that circumventing such sanctions would expose banking institutions to significant risks, including compliance risks, risks of laundering money and financing terrorism, legal risks, and risks to reputation.

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