Finance Minister Yuval Steinitz completed the transfer of NIS 435
million worth of Palestinian financial forfeiture to the Israel Electric
Corporation on Wednesday morning, the ministry announced later that
The Palestinian Authority has already accumulated hundreds
of millions of shekels in debt that it owes to the IEC, the Finance
While during past political crises the Israeli
government has simply decided to delay the transfer of funds to the PA,
this time, in the background of the PA’s unilateral request for UN
status, Steinitz and Prime Minister Binyamin Netanyahu decided to
transfer the Palestinian assets directly to the IEC, the ministry said.
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