US, «Israel» Sign $38 Billion Military Aid Package

Local Editor

The United States and the "Israeli" entity had signed a new aid deal that will give the "Israeli" military $38 billion over the course of 10 years. It's the largest such agreement the US has ever had with any country.

After months of negotiations, the unprecedented deal was signed at the US State Department on Wednesday.

The aid totals $3.8 billion a year - up from $3.1 billion the US gave the "Israeli" entity annually under the current 10-year deal that expires in 2018.

Under the agreement, the entity's ability to spend part of the funds on "Israeli" military products will be phased out, eventually requiring all of the funds to be spent on American military industries.

The "Israeli" entity's preference for spending some of the funds internally had been a major sticking point in the deal.

In a statement, US President Barack Obama said: "America's commitment to ‘Israel's' security is unshakeable. Over the past eight years, my Administration has time and again demonstrated this commitment in word and deed."

Obama also said in announcing the deal that his administration believes it is important that the entity moves towards "the realization of an independent and viable Palestine."

After last year's historic Iran nuclear deal, reports surfaced that President Obama offered "Israeli" Prime Minister Benjamin Netanyahu a new and improved package of military aid. The "Israeli" leader was among the most vocal critics of the deal.

Source: News Agencies, Edited by website team