Secretary of the Treasury Janet L. Yellen met with Israeli Foreign Minister Israel Katz today on the sidelines of the NATO Summit in Washington, DC. Secretary Yellen reaffirmed the Treasury’s strong commitment to Israel’s security.
Yellen emphasized the need for Israel to maintain economic stability in the West Bank by regularly transferring clearance revenues to the Palestinian Authority and ensuring that correspondent banking relations between Israeli and Palestinian banks remain uninterrupted. She also raised Treasury’s February Executive Order 14115, which holds individuals and entities accountable for perpetrating, inciting, or financially supporting violence throughout the West Bank.
During the meeting, Secretary Yellen outlined Treasury actions aimed at disrupting Iran and its proxies, including Hizballah and Hamas. She welcomed additional information sharing with Israel and noted that ongoing collaboration to combat terrorist financing has yielded fruitful results in countering Iranian financial and military support to Hamas, Hizballah, and other regional partners and proxies.
