All NewsEducationTV
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
Story archiveAll categories
← All Stories

Activists protest Israeli settlement funding at Knesset meeting

Created at 4 Aug · 6:41 PM1 source↑ Market-relevant
IN SHORT

Activists disrupted an Israeli Knesset Finance Committee meeting where lawmakers approved an additional 113 million shekels ($36 million) for settlement expansion in the occupied West Bank. The decision raises the year's settlement budget to a record 821 million shekels ($273 million).

✉Newsletter

PiQ Daily

Pick your topics. Get only what matters, on your cadence.

Key Numbers

113 million shekelsadditional funding for settlement expansion
$36 millionadditional funding for settlement expansion
70archeological and heritage sites to be developed
821 million shekelstotal budget for settlements this year
$273 milliontotal budget for settlements this year

Who's Involved

Bezalel Smotrich
Israeli Finance Minister announcing settlement funding
Hanoch Milwidsky
Finance Committee Chairman describing protestors
Activists protest Israeli settlement funding at Knesset meeting

↳ Why This Matters

The decision to increase funding for Israeli settlements in the occupied West Bank, reaching a record amount, is a contentious issue with significant geopolitical implications. The allocation for developing heritage sites is seen by critics as a pretext for further settlement expansion, potentially exacerbating tensions in the region and impacting future peace negotiations.

Key facts

  • The Israeli Knesset Finance Committee approved an additional 113 million shekels ($36 million) for settlement expansion in the occupied West Bank.
  • This allocation raises the total budget for settlements this year to a record 821 million shekels ($273 million).
  • The funds are designated for the development of over 70 archeological and heritage sites in the West Bank.
  • Activists stormed the committee meeting to protest the funding decision.
  • Finance Committee Chairman Hanoch Milwidsky referred to the protestors as 'worse than terrorists'.

The Israeli Knesset Finance Committee convened on Tuesday to approve a significant financial allocation for the expansion of Israeli settlements in the occupied West Bank. The committee sanctioned an additional 113 million shekels, equivalent to $36 million, for this purpose. This decision escalates the total budget dedicated to settlements for the current year to a record 821 million shekels, or $273 million.

Finance Minister Bezalel Smotrich stated that the newly allocated funds would be utilized for the development of more than 70 archeological and heritage sites within the West Bank, marking the first initiative of its kind. During the committee's session, activists entered the hall to voice their opposition to the funding approval. These protestors were subsequently removed from the premises.

Following the incident, Finance Committee Chairman Hanoch Milwidsky characterized the protestors as being 'worse than terrorists.'

Frequently asked questions

The additional 113 million shekels ($36 million) were approved for the development of more than 70 archeological and heritage sites in the occupied West Bank, which is intended to support settlement expansion.

With the latest allocation, the total budget for settlements this year has reached a record 821 million shekels ($273 million).

Hanoch Milwidsky, the Finance Committee Chairman, made this statement regarding the activists who stormed the meeting.

What Happens Next

01The settlement expansion project is expected to proceed with the allocated funds.
02Further protests or political reactions to the funding decision may occur.

Get the newsletter.

Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

Cadence

How It Developed

The Israeli Knesset Finance Committee met to approve additional funding for settlements.
Lawmakers approved 113 million shekels ($36 million) for settlement expansion in the occupied West Bank.
The year's budget for settlements reached a record 821 million shekels ($273 million).
Finance Minister Bezalel Smotrich announced the funds would develop archeological and heritage sites.
Activists stormed the meeting hall to protest the decision.
Protestors were removed from the room.
Finance Committee Chairman Hanoch Milwidsky described the protestors as 'worse than terrorists'.

Sources

T1
Activists storm Israeli Knesset meeting in protest against additional $36m for settlement expansionMiddle East Eye
T2
NPR To Get $36M in Government Funds To Operate US Public Radio Systemfirstamendmentwatch.org

Related Stories

Three Palestinians injured in Israeli raid on Nablus
3 Aug · 9:26 PM
Israeli forces raid Beit Fajjar, fire tear gas
4 Aug · 7:46 PM
Israel detained 630 Palestinians in July, destroyed weapons machines
4 Aug · 4:11 PM
Labour Friends of Israel report backs West Bank settlement blocs
4 Aug · 3:31 PM
Two Palestinians killed in Israeli strike southwest of Gaza City
3 Aug · 8:16 PM