Obama Grants Israel Billions of Dollars in Aid

Source: PressTV

US President Barack Obama has signed the foreign aid budget law for 2010 which includes the granting of $2.775 billion in security aid to Israel.

The Israeli Ynet news website reported that the budget signed by Obama, for the first time, also grants $500 million to the Palestinian Authority.

The aid also includes $100 million to be used by US General Keith Dayton, who is in charge of training the Palestinian security forces in the West Bank.

The aid will be handed over to the Palestinians under the condition that the American taxpayers' money will only be transferred to a Palestinian government whose members accept the conditions of the international Quartet - the United States, Russia, the European Union and the United Nations. The conditions include recognizing Israel, renouncing violence and accepting past agreements signed with the Tel Aviv regime.

The $3 billion aid is comprised of $2 billion in security aid and $1 billion in civilian aid.

The annual American security aid to Israel increased to $2.4 Billion after Israeli Prime Minister Benjamin Netanyahu took office and gradually relinquished the civilian aid.

The aid is accompanied by special additions to the Israeli military industries for the development of technologies, particularly in the missile field.