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Netanyahu calls on Israel to prepare for possible US aid cutoff
Israeli Prime Minister Benjamin Netanyahu warned that Washington’s military aid to Israel could one day end and asked his government to prepare for possible economic and banking sanctions. Netanyahu stressed that the United States had made no official decision or set a date for such a move.
Israeli Prime Minister Benjamin Netanyahu called for preparations against economic and banking sanctions in case tens of billions of dollars in US military aid for Israel’s defense budget comes to an end.
In remarks to Israel’s Channel 10 television on Friday, Netanyahu said the end of US military aid was "only a matter of time." The remarks came four days before Israel’s parliamentary elections.
The Israeli prime minister said alternative economic and financial mechanisms should be developed to overcome possible sanctions. Asked whether blockchain technology could be one way to do so, Netanyahu said it could be one of the options and called for a plan to be prepared.
Netanyahu said the tens of billions of dollars in defense assistance he said Israel had previously received from the United States might not continue. However, he gave no date for the aid to end and did not say that an official decision had been announced to cut US military support.
Opposition to the government
Yair Golan, leader of the opposition Democrats Party, criticized Netanyahu’s remarks on X. Golan accused the prime minister of being detached from reality.
Golan called for combating "Jewish terror," which he said damages Israel’s international standing, preserving strategic alliances and changing the government to prevent economic sanctions.
Golan also called for a new government to be formed after next week’s elections without Netanyahu, National Security Minister Itamar Ben-Gvir or Shas Party leader Aryeh Deri.
Under an agreement signed between Israel and Washington in 2016, Israel receives $38 billion in military aid over a 10-year period scheduled to end in 2028. Netanyahu has previously also advocated reducing dependence on US military aid and strengthening Israel’s domestic defense industry.
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