Details emerge on financial moves made by Israeli banks against settlers involved in alleged West Bank violence

What’s happening

Following US-imposed sanctions against Israeli settlers accused of violence in the West Bank, Israeli banks have taken decisive action. Bank Hadoar has frozen the bank account of settler David Chai Chasdai, as reported by Hebrew media, in line with US financial restrictions.

Why it matters

This consequential development sets a precedent for how Israeli institutions may proceed with US declared sanctions. It reflects the broader international crackdown on reported settler violence, notably after the clashes in the northern West Bank village Huwara.

Sanctioned Settler Responses

Conflict continues as Chasdai has vocally denounced the sanctions and bank’s decision, mentioning no plans to alter his actions. Other Israeli banks, like Bank Hapoalim, have signaled intentions to likewise freeze accounts of additional settlers involved.

The backdrop

Such punitive instructions confirm the implementation of US President Joe Biden’s Executive Order declaring a national emergency to combat settler hostility. Four settlers to date have been on the receiving end of this aggressive US policy.

Bigger picture

this development showcases a heightened US response to settler belligerence as pressure from both Washington and progressive voices within Biden’s own party grows. The actions aim to curb occurrences that include property attacks, vehicular assaults, and repeated violence allegations.

James Carden contributed to this report.

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This story was first published on timesofisrael.com.