A report by the Knesset Foreign Affairs and Security Committee warns that “friendly” countries will impose sanctions on officers who participate in the war on Gaza and settlers in the West Bank. * Bank of Israel: “Circumventing an international sanctions regime entails great risks.”

The Israeli authorities submitted a report to the Knesset Foreign Affairs and Security Committee about the existence of a “real danger” that countries “friendly” to Israel would impose sanctions on Israeli officers participating in an attack on Rafah and the West Bank, according to the “Israel Hayom” newspaper today, Friday.

In this context, the newspaper referred to “the Biden administration’s threats to impose sanctions on Israeli soldiers who worked in Gaza,” and that the sanctions will be similar to those imposed by the administration on four settlers who participated in terrorist attacks on Palestinians in the West Bank, and imposed sanctions on their bank accounts and were prevented from obtaining an entry visa to the United States.

The Israeli authorities are working to establish a “protection system” for soldiers, amid fears of similar sanctions being imposed by European countries. Britain and France imposed such sanctions on settlers in the West Bank.

The report submitted to the Foreign and Security Committee included British steps aimed at collecting information about Israeli war crimes, and that banners calling for information about Israeli war crimes in Gaza were hung at airports throughout Britain.

The Israeli National Security Council is working on preparing a report on the military operations carried out by Israeli soldiers in Gaza, and the Israeli Military Prosecutor has prepared a report stating that Israel is following up on a “limited number” of “abuses” committed by Israeli soldiers during the war on Gaza, according to the newspaper.

Meanwhile, Knesset members are seeking to deal with the possibility of restrictions on bank accounts, so that those who would be subject to such sanctions can continue to manage their economic affairs.

There is a fear in the Israeli banking system that if it does not cooperate with the international sanctions regime, Israel will find itself a pariah state, according to the newspaper.

The newspaper quoted Knesset member Amit Halevy, from the Likud Party, regarding the possibility of freezing bank accounts of Israeli soldiers, saying, “The bank controller is obligated to ensure that banks preserve as much as possible the property rights of their customers.”

The Bank of Israel’s comment stated that “circumventing sanctions regulations would expose banking companies to significant risks, including the risks of (non-)compliance with (international resolutions), money laundering and terrorist financing, legal risks, and reputational risks.”