PALESTINE

Tue 15 Jul 2025 10:51 am - Jerusalem Time

Israel will transfer NIS 870 million in clearance revenues for the past two months.

A responsible source revealed that there are advanced contacts and negotiations between the European Union and Israel aimed at transferring 870 million shekels to the Palestinian Authority from clearance revenues for the past two months, enabling it to pay approximately 70% of employees' salaries.

The source ruled out the possibility of Israel responding by paying the 8 billion shekel debt, sending humanitarian aid to the Gaza Strip through all its crossings, and releasing Palestinian tax funds withheld by Israel, estimated at approximately 8 billion shekels (about $2.3 billion).

The source explained that the negotiations also include easing restrictions on the movement of citizens in the West Bank and halting settler attacks, in exchange for some European Union countries backing away from the idea of imposing economic and trade sanctions on Israel.

The source indicated that aid could begin entering Gaza today if Israel agrees.

The source also confirmed that a new agreement will be reached regarding a mechanism for resuming the transfer of withheld Palestinian tax funds, with the participation of the European Union, unless the Israeli government suspends this agreement.

He stressed that the European Union's approach has the support of the US administration.

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Israel will transfer NIS 870 million in clearance revenues for the past two months.

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