Israel rejects UN's endorsement of 'independent Palestine state'
Israel has reportedly rejected the United Nations' endorsement of an independent state of Palestine.
The country announced that it would withhold over 100 million dollars collected for the Palestinian government to pay debts to Israeli companies.
Prime Minister Benjamin Netanyahu declared the statehood campaign, led by Palestinian President Mahmoud Abbas, as 'a gross violation of the agreements signed with the state of Israel.'
"Accordingly, the government of Israel rejects the UN General Assembly decision," the New York Post quoted him, as saying.
According to the Post, Israel, backed by the US, campaigned against the statehood measure, arguing that only negotiations can deliver a Palestinian state.
This was the second act of reprisal since the UN General Assembly voted overwhelmingly on Thursday to support the Palestinians' statehood initiative.
The following day, Israel announced it would start drawing up plans to build thousands of settlement homes, including the first-ever residential developments on a sensitive piece of land near Jerusalem.