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Tag: US aid

Businessglobal-economy

Netanyahu Warns U.S. Aid Will End and Proposes Crypto for Sanctions

Prime Minister Benjamin Netanyahu revealed plans to prepare for potential international financial restrictions against Israel by exploring alternative economic measures, including digital currencies. He expressed concern over looming banking sanctions and suggested that blockchain technology could serve as a workaround. Furthermore, Netanyahu warned that American military aid to Israel will eventually phase out, urging preparedness for a reality without multi-billion-dollar defense packages. The Bank of Israel strongly criticized the digital currency proposal, calling it a flawed strategy and stressing the importance of maintaining traditional financial ties.