Palestinian Authority & Gaza Strip

UN agency accuses Israel of 'devastating' Gaza's economy

UN agency accuses Israel of 'devastating' Gaza's economy

UN Conference on Trade and Development says the maritime blockade Israel imposed in 2007 after Hamas usurped control of the coastal enclave has cost Gaza $16.7 billion in economic losses. Foreign Ministry accused UNCTAD of presenting a “one-sided and distorted depiction” that disregards ”terrorist organizations' control over the Gaza Strip and their responsibility for what occurs in the Gaza Strip."