Israel News for 3-4-2022

News Update

Ukrainian president Zelensky spoke by phone with PM Bennett. Zelensky asked for military aid, in addition to the humanitarian aid that Israel continues to send. He also asked that Bennett act as an intermediary between Ukraine and Russia, since Israel has good relations with both countries.

Yesterday Zelensky told reporters that he was disappointed at Israel’s stance towards his country and expected Israel to be more supportive. He said, “Today I saw a beautiful picture of people wrapped in the Ukraine flag at the Wester Wall, praying for this country. I am grateful for that. I spoke to the Israeli leaders. We have decent relations, but those are tested in times of crisis. I don’t feel that the Israeli government has wrapped itself with the Ukrainian flag.”

On Wednesday, PM Bennett spoke to Putin by phone, for the second time since the Russians invaded Ukraine. Putin told Bennett that the key to ending the crisis in Ukraine is safeguarding Russia’s security interests. Shortly before their call, Israel joined 140 other countries in voting in favor of condemning the Russian offensive at the UN General Assembly. Bennett initiated both phone calls.

Talks to reinstate the Iran nuclear deal are in their final stages and progressing, but there are still issues to be worked out.

Saudi Crown Prince Mohammed Bin Salman said in an interview to The Atlantic, “We do not look at Israel as an enemy but as a potential ally in various interests that we could seek to achieve together. But it should solve its problems with the Palestinians.”

On Wednesday, a 48-year-old Israeli man was stabbed in the neck and moderately wounded in Hizma, a small Palestinian town outside Jerusalem. On Thursday morning another Israeli man was stabbed at a butcher shop in the town’s industrial park. Authorities believe the same suspect was behind both attacks and that both incidents were driven by nationalistic motives.

El AL, Israel’s airline, will continue operating flights to Russia until March 9 after the Knesset Finance Committee agreed to put up $2 billion surety. The state is required to provide financial guarantees because according to the sanctions imposed on Russia by the west because of the invasion of Ukraine, insurance policies for airlines flying to Russia are not currently valid. El Al currently operates two daily flights between Tel Aviv and Russia. The flights over the next week are designed to bring Israelis back to Israel as well as Russian Jews. The Knesset Finance Committee was told that there are tens of thousands of Israelis in the regions and members of the very large Jewish community wishing to come to Israel. Aeroflot flights between Tel Aviv and Moscow are also continuing to operate.

The Israel Postal Company is on the brink of collapse and requires an aggressive recovery package after it has accumulated losses of NIS 800 million, over the past two years. To read more, click here.

A small property, near the Church of the Holy Sepulcher in Jerusalem’s Old City, is being claimed by Russia, but the Israeli courts don’t agree. Now PM Bennett will have to make some tough decisions. To read more, click here.

Our thoughts are prayers are with the Ukrainian people in these dark and dangerous times they are going through.

Israel News for 3-2-2022

News Update

Israel joined 94 UN member states who signed a letter from the Ukrainian ambassador to the international body addressed to the secretary general calling for a condemnation of Russia over its invasion of its neighbor. Israel had earlier refused to sign a similarly worded condemnation when it was presented to the UN Security Council.

Interior Minister Ayelet Shaked said yesterday that Ukrainians fleeing the war are allowed to enter Israel.

The Foreign Ministry announced that Israel has begun sending 100 tons of humanitarian aid to help the people of Ukraine. The ministry is sending medical equipment and medicine, water purification systems, thousands of tents, blankets, sleeping bags and coats. The planes will land in Poland and the aid will be sent to Ukraine from there.

Several Jewish Russian oligarchs could be included in Western sanctions against Russia. This could have a significant effect on many Jewish charities and non profits. To read more, click here.

New German Chancellor Olaf Schultz is visiting Israel today. He visited Yad Vashem (holocaust memorial) with PM Bennett, and will hold a private meeting with the PM, followed by a joint press conference.

A bill limiting the Prime Minister’s term to eight years was approved after its second and third reading in the Knesset. The law will not effect prevent former PM Netanyahu for serving again.

Global indices company MSCI has announced that it will not include Israel in its leading European stock indices. The decision was made after the company carried out a survey of leading asset managers and other interested parties around the world. The factor that tipped the scales against Israel was the misalignment between trading days in Israel and in Europe. Israel’s financial markets are open from Sunday to Thursday, whereas in Europe, markets are open from Monday to Friday. Inclusion in the European stock indices would have resulted in a major influx of capital into Israeli companies.

The Kinneret (Sea of Galilee) rose fast in February, and is currently 91.5 centimeters from its maximum level of 208.80 meters below sea level, according to the Kinneret Authority.

Our thoughts are prayers are with the Ukrainian people in these dark and dangerous times they are going through.