Israeli Finance Minister Says Banks Should Not Obey EU Sanctions on Settlers

20 July 2022, Israel, Barkan: Right-wing settlers march to build a settlement in the West Bank near Barkan. (dpa)
20 July 2022, Israel, Barkan: Right-wing settlers march to build a settlement in the West Bank near Barkan. (dpa)
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Israeli Finance Minister Says Banks Should Not Obey EU Sanctions on Settlers

20 July 2022, Israel, Barkan: Right-wing settlers march to build a settlement in the West Bank near Barkan. (dpa)
20 July 2022, Israel, Barkan: Right-wing settlers march to build a settlement in the West Bank near Barkan. (dpa)

Israel's Finance Minister Bezalel Smotrich on Thursday condemned the country's banks that have refused to provide services to Israeli settlers sanctioned by the European Union and warned they may have to pay compensation to them.

The EU last year imposed sanctions on five Israeli settlers for violence against Palestinians and Smotrich said there were reports of sanctions being considered against other settlers.

But in a letter to the banking supervisor, he said Israeli banks should not follow a "zero risk" policy since it leads to the abandonment of Israeli clients "under the guise of compliance with foreign sanctions."

In a statement quoting his letter to the regulator, Smotrich called on banks to use their legal, economic, and international strength to fight "unjust sanctions", Reuters reported.

"The banks’ enormous profits enable them to take measured risks on behalf of their clients — especially when it comes to a national moral injustice," Smotrich, who leads the far-right Religious Zionism party, said.

Should banks continue to comply with sanctions and harm clients, Smotrich said he intended to promote immediate legislation that would require banks to pay substantial compensation to affected customers.

He also intends to require the Bank of Israel itself to offer banking services to citizens targeted by sanctions.

Responding to the letter, the Bank of Israel said that while banks must comply with international sanctions to avoid an array of risks, a draft directive it published on Thursday aimed to ensure appropriate banking services were available for the affected customers.

"Circumventing foreign sanctions regimes through the Israeli banking system exposes banking corporations to multiple risks, including compliance risks, anti-money laundering and counter-terror financing risks, legal risks, and reputational risks," the central bank said.

But it said it has taken steps to comply with sanctions "without banks resorting to blanket refusals to serve such customers."

While the sanctions in question concern Israeli settlers, the EU is reviewing its broad pact governing its political and economic ties with Israel in the face of mounting international pressure on Israel amid complaints about the lack of humanitarian aid reaching Gaza in the wake of the war triggered by Hamas' Oct. 7, 2023 attack.



‘Ending Soon’: Netanyahu Shifts Iran War Goals

 Israeli Prime Minister Benjamin Netanyahu speaks at a press conference (Reuters)
Israeli Prime Minister Benjamin Netanyahu speaks at a press conference (Reuters)
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‘Ending Soon’: Netanyahu Shifts Iran War Goals

 Israeli Prime Minister Benjamin Netanyahu speaks at a press conference (Reuters)
Israeli Prime Minister Benjamin Netanyahu speaks at a press conference (Reuters)

Israeli Prime Minister Benjamin Netanyahu is gradually scaling back his sweeping ambition to end the war with Iran by toppling its regime, bringing his rhetoric closer to that of US President Donald Trump.

Netanyahu now speaks of “achieving tremendous gains” through three objectives: curbing Iran’s nuclear program, halting its ballistic missile program, and creating conditions that would allow the Iranian people to take control of their own future.

He acknowledged that overthrowing the Iranian regime from the air is not possible, drawing criticism from Israeli opposition leader Yair Lapid, who accused him of manipulating public sentiment.

Lapid noted that, only weeks ago, Netanyahu had pledged to completely destroy the nuclear project, the missile industry, and the ability to repair damage, topple the regime, and eliminate Lebanon’s Hezbollah.

“The question is not what Iran can do today, but what it will be able to do tomorrow, at the end of the war or in a year,” Lapid wrote in a post on X.

Netanyahu held a press conference late Thursday into Friday, his second since the start of the Israeli-US war on Iran, addressing international audiences in English and Israelis in Hebrew.

His appearance seemed aimed at responding to debate in the United States and its echoes in Israel, particularly accusations that he had drawn Trump into the war and was now pushing to expand and prolong it.

War paradoxes

As Netanyahu spoke of dismantling Iran’s nuclear and missile capabilities, Iranian missiles were falling on Jerusalem, oil refineries in Haifa, as well as Ashdod and the Galilee.

The prevailing impression in Israel is that Netanyahu convened the conference to counter accusations that he had succeeded in drawing Trump into a war with Iran, similar to the 2018 US withdrawal from the nuclear deal.

While Netanyahu may see such accusations as flattering, portraying him as influential in shaping international policy, many in Israel are concerned about their implications for future relations between Tel Aviv and Washington.

Many believe Israel’s critics in Washington, whose numbers are growing and whose rhetoric is sharpening, even within the Republican Party, are using this narrative to fuel hostility toward Israel and antisemitism.

Israel’s strike on Iran’s South Pars gas field and joint Iranian-Qatari energy facilities has also triggered a crisis in Gulf countries, particularly since such an operation could hardly have taken place without US knowledge.

The strike has raised questions about Washington’s conduct and its potentially hostile implications. While the United States denied prior knowledge, semi-official Israeli sources said the attack was carried out in full coordination with the Americans through a joint war command room.

Netanyahu appeared to defend Trump on both issues.

Netanyahu forcefully rejected claims Thursday that he misled President Trump into a potential conflict with Iran, calling the notion “fake news” and insisting the president made his own decisions based on American interests.

“Does anyone really think that someone can tell President Trump what to do? Come on,” Netanyahu said at a press conference on Thursday, adding that Trump “always makes his decisions based on what he thinks is good for America.”

“I misled no one, and I didn’t have to convince President Trump about the need to prevent Iran from developing its nuclear program, putting it underground, and being able to launch nuclear-tipped missiles at the United States. He understood that,” he added.

Addressing American journalists, Netanyahu cast speculation around how Iran would behave if it acquired nuclear weapons after decades of slogans such as ‘Israel is the lesser Satan and America the greater Satan,’ ‘Death to America’ and ‘Death to Israel.’

He then reiterated his accusations against Iran on its overt goal of erasing Western civilization. He said Iran tried to assassinate Trump twice and now it is engaging in blackmail.

On the second issue, Netanyahu said Israel had “acted alone” in striking the South Pars facility before President Trump requested a halt to any further attacks. Netanyahu then said Israel was complying with his request.

His remarks came shortly before Trump confirmed that he had asked the Israeli prime minister not to strike Iran’s energy facilities, and that he agreed.

Who will topple Iran’s regime?

Responding to further questions, Netanyahu said Iran’s Supreme Leader Ali Khamenei, who was killed at the start of the war, had ordered the resumption of missile and nuclear programs and their burial deep underground.

He added that Israel was targeting the industries enabling the production of such programs, rather than remaining missiles.

After 20 days of war, Netanyahu said he can confirm that Iran has no capability to enrich uranium or produce ballistic missiles.

He added that it was “too early to predict” whether the Iranian people would take advantage of the conditions Israel is trying to create and take to the streets, though he expressed hope that they would, stressing that “it is entirely up to them.”

Netanyahu said he sees “cracks” within Iran’s leadership and on the ground, adding that Israel is working to deepen these divisions.

With the war entering its 20th day, Israel is seeking to intensify these fractures, he said, noting that he does not know exactly who is currently leading the country.

Netanyahu said that what Israel is seeing in Iran is significant tension among rivals for power, avoidance of confrontation, and abandonment of responsibility by many officials, as well as chaos in governance and contradictions in decision-making.

Israel will continue efforts to deepen these divisions “as quickly as possible,” not only within the top leadership but also on the ground, he added.


Pregnant Syrian Mum, 5 Kids Die in Container Fire in Türkiye

A crossing at the Syrian-Turkish borders. (AFP)
A crossing at the Syrian-Turkish borders. (AFP)
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Pregnant Syrian Mum, 5 Kids Die in Container Fire in Türkiye

A crossing at the Syrian-Turkish borders. (AFP)
A crossing at the Syrian-Turkish borders. (AFP)

A pregnant Syrian woman and her five young children died when a fire ripped through containers housing agricultural workers near the southwestern Antalya resort, the governor and media reports said Friday.

DHA news agency said the 27-year-old mother was seven months pregnant, with her husband fighting for his life after the blaze.

The tragedy occurred as Türkiye began celebrating the three-day Bayram holiday to mark the end of the Muslim fasting month of Ramadan.

Antalya Governor Hulusi Sahin said the fire ripped through several containers where greenhouse workers were living in Kepez district, just north of Antalya.

"Three containers caught fire, and we lost a mother and five children aged between four and nine," he told reporters standing in front of the charred remains of a container and a burned-out car.

Five others were injured in the blaze, one of whom had sustained "life-threatening injuries", he said.

DHA said the fire broke out in the northern Gaziler neighborhood at around 1:30 am (2230 GMT on Thursday), with local leader Suleyman Kaplan saying the victims were from a family of Syrian agricultural workers.

"A fire broke out in the middle of the night in a container where Syrians were staying. Unfortunately, five children and their pregnant mother died. The children's father was also injured and is in intensive care," he told DHA.

Anadolu said four of the injured -- one of whom was a two-year-old -- had the same family names as the victims, while the fifth was the business owner.

Although the cause was not immediately clear, Sahin said it appeared someone had been having a barbecue on a burner outside the containers.

"It seems they went to bed without extinguishing it. But for now, we cannot definitively say that's why it happened," he added.

Investigators were looking into the cause of the blaze and had arrested three people, he said.

Kaplan said he and other neighborhood leaders had repeatedly asked the authorities to set up a fire station in the area.

"As a community, we've asked for a fire engine because the fire station is so far away and it takes the fire brigade too long to arrive," he said.

"We urgently need a fire station."


UK FM Warns Iran against 'Directly' Targeting British Bases

UK and Iran flags are seen in this illustration taken June 18, 2025. REUTERS/Dado
UK and Iran flags are seen in this illustration taken June 18, 2025. REUTERS/Dado
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UK FM Warns Iran against 'Directly' Targeting British Bases

UK and Iran flags are seen in this illustration taken June 18, 2025. REUTERS/Dado
UK and Iran flags are seen in this illustration taken June 18, 2025. REUTERS/Dado

Britain's Foreign Minister Yvette Cooper warned her Iranian counterpart in a phone call "against targeting UK bases, territory or interests directly", a foreign office statement said Friday, AFP reported.

The statement was response to one issued by Iran's foreign ministry in which it said Foreign Minister Abbas Araghchi told Cooper in the call on Thursday that any US use of British bases would be seen as "participation in aggression" against the Islamic republic.

Cooper told Araghchi "the defensive UK operations in the region were a response to the Iranian aggression against Gulf partners", the UK foreign office said, adding: "She made clear that the UK wants to see a swift resolution to this conflict."