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Israeli cabinet minister tells banks to ignore EU sanctions

RT (Russia Today)Saturday, June 7, 2025 at 3:33:49 PM
Israeli cabinet minister tells banks to ignore EU sanctions
Israel’s Finance Minister Bezalel Smotrich is urging banks in the country to disregard EU sanctions targeting Israeli settlers, advising them to "take measured risks" in continuing to provide financial services to those affected. This comes after Brussels imposed sanctions in 2024 over settlement-related activities.
Editor’s Note: This isn’t just about banking—it’s a direct challenge to the EU’s authority and could escalate tensions between Israel and Europe. If Israeli banks follow Smotrich’s advice, they risk facing penalties from the EU, which might strain economic ties. It also signals Israel’s hardening stance on settlements, a long-standing flashpoint in international diplomacy.
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