STRESA: G7 finance leaders will call on Israel to maintain correspondent banking links between Israeli and Palestinian banks to allow vital transactions, trade and services to continue, according to a draft joint statement seen by Reuters on Saturday.
The statement, to be released at the end of a Group of Seven finance ministers and central bank governors’ meeting in northern Italy, also calls for Israel “to release withheld clearance revenues to the Palestinian Authority, in view of its urgent fiscal needs.”
The statement echoes a warning on Thursday from US Treasury Secretary Janet Yellen, who said the failure to renew a soon-to-expire banking waiver would cut off a critical lifeline for the Palestinian territories amid a devastating conflict in Gaza.
“We call on Israel to take the necessary measures to ensure that correspondent banking services between Israeli and Palestinian banks remain in place, so that vital financial transactions and critical trade and services continue,” the draft statement said.
The G7 finance leaders also called for the removal or relaxation of other measures “that have negatively impacted commerce to avoid further exacerbating the economic situation in the West Bank.”
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G7 finance leaders to call on Israel to maintain Palestinian bank links
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G7 finance leaders to call on Israel to maintain Palestinian bank links
Thousands stage pro-Gaza rally in Istanbul
- Thousands joined a New Year’s Day rally for Gaza in Istanbul Thursday, waving Palestinian and Turkish flags and calling for an end to the violence in the tiny war-torn territory
ISTANBUL: Thousands joined a New Year’s Day rally for Gaza in Istanbul Thursday, waving Palestinian and Turkish flags and calling for an end to the violence in the tiny war-torn territory.
Demonstrators gathered in freezing temperatures under cloudless blue skies to march to the city’s Galata Bridge for a rally under the slogan: “We won’t remain silent, we won’t forget Palestine,” an AFP reporter at the scene said.
More than 400 civil society organizations were present at the rally, one of whose organizers was Bilal Erdogan, the youngest son of Turkish President Recep Tayyip Erdogan.
Police sources and Anadolou state news agency said some 500,000 people had joined the march at which there were speeches and a performance by Lebanese-born singer Maher Zain of his song “Free Palestine.”
“We are praying that 2026 will bring goodness for our entire nation and for the oppressed Palestinians,” said Erdogan, who chairs the board of the Ilim Yayma Foundation, an educational charity that was one of the organizers of the march.
Turkiye has been one of the most vocal critics of the war in Gaza and helped broker a recent ceasefire that halted the deadly war waged by Israel in response to Hamas’s unprecedented attack on October 7, 2023.
But the fragile October 10 ceasefire has not stopped the violence with more than more than 400 Palestinians killed since it took hold.
Demonstrators gathered in freezing temperatures under cloudless blue skies to march to the city’s Galata Bridge for a rally under the slogan: “We won’t remain silent, we won’t forget Palestine,” an AFP reporter at the scene said.
More than 400 civil society organizations were present at the rally, one of whose organizers was Bilal Erdogan, the youngest son of Turkish President Recep Tayyip Erdogan.
Police sources and Anadolou state news agency said some 500,000 people had joined the march at which there were speeches and a performance by Lebanese-born singer Maher Zain of his song “Free Palestine.”
“We are praying that 2026 will bring goodness for our entire nation and for the oppressed Palestinians,” said Erdogan, who chairs the board of the Ilim Yayma Foundation, an educational charity that was one of the organizers of the march.
Turkiye has been one of the most vocal critics of the war in Gaza and helped broker a recent ceasefire that halted the deadly war waged by Israel in response to Hamas’s unprecedented attack on October 7, 2023.
But the fragile October 10 ceasefire has not stopped the violence with more than more than 400 Palestinians killed since it took hold.
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