In early January, Israel froze the monthly transfer of funds it collects on behalf of the PA as a punitive measure after the Palestinians moved to join the ICC.
But on Friday, Israel agreed to release the funds after deducting debts due for electricity, water and medical services.
Speaking today, Abbas confirmed that two thirds of they money had been transferred.
"They said they were going to send the money and in the end they did, but a third of it was deducted - why?" he asked during a speech in the West Bank city of Ramallah.
The Palestinians would not accept anything but the full amount, he said.
"We will not take the money until we get all of it: either you give us the full amount or we go to the ICC."
When the announcement was made on Friday, Israel did not say how much money would be transferred nor whether it would resume the normal monthly payment of around USD 127 million in customs duties.
Under an economic agreement between the sides signed in 1994, Israel transfers to the PA tens of millions of dollars each month in customs duties levied on goods destined for Palestinian markets that transit through Israeli ports.
Although the sanction has been imposed many times, it has rarely lasted more than one or two months, except in 2006 when Hamas won a landslide victory in Palestinian legislative elections and Israel froze the funds for six months.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
