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WASHINGTON – Secretary Yellen met with Israeli Foreign Minister Israel Katz today, on the sidelines of the NATO Summit in Washington DC. Secretary Yellen reaffirmed Treasury’s strong commitment to Israel’s security. Secretary Yellen also 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. Secretary Yellen also raised Treasury’s February Executive Order 14115, holding individuals and entities accountable for perpetrating, inciting, or financially supporting violence throughout the West Bank. 

During the meeting, Secretary Yellen outlined Treasury actions to disrupt Iran and its proxies including Hizballah and Hamas. Secretary Yellen welcomed additional information sharing with Israel and noted that ongoing collaboration to combat terrorist financing has yielded fruitful results with respect to countering Iranian financial and military support to Hamas, Hizballah, and its other regional partners and proxies.

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