Friday, January 24, 2014

PA Russia $1 Billion Deal

By Micah Halpern
I've Been Thinking:
The Palestinians and the Russians have signed a deal.

Russia will give $1 billion to the Palestinian Authority in exchange for PA help in exploring for natural gas off the coast of Gaza.

Russia would then get dibs on part of the gas if any is discovered.

Aside from the obvious and much needed injection of money into the PA, there are several huge benefits to this deal.

By partnering with Russia the Palestinians have lessened their dependence on US aid. That means they are less beholding to and consequently, not required to, toe the US line.

This new agreement will enable the Palestinians - it will boost the psyche of every individual Palestinian and it will move the Palestinians closer towards independence.

It is not good news for the United States and it is not good news for Secretary of State John Kerry who has begun to apply pressure on the Palestinians to move towards peace with Israel on US terms. 

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