PM Netanyahu Talks Sanctions, Palestinians to Knesset Committee

Speaking at a Foreign Affairs and Defense Committee meeting in the Knesset, Prime Minister Binyamin Netanyahu said: "The sanctions employed thus far are ineffective, they have no impact on the nuclear program. We need tough sanctions against the central bank and oil industry. These things are not happening yet and that is why it has no effect on the nuclear program."

Netanyahu also discussed the recent talks with the PA, expressing frustration that the Palestinians "will not budge a nanometer" in their demand that Israel halt construction in Judea and other preconditions for direct negotiations to commence.