The executive order is expected to set the ground for imposing sanctions on individuals who have engaged in violence against Palestinians in the West Bank. White House national security adviser Jake Sullivan met on Wednesday at the White House with Ron Dermer, the Israeli Minister of Strategic Affairs. It was not clear whether the executive order was discussed.
The order will give the Treasury Department the authority to impose financial sanctions on settlers, but is not meant to target U.S. citizens. A substantial number of the settlers in the West Bank hold U.S. citizenship.
Attacks by Israeli settlers have intensified since the war started, and some Palestinians have been killed, according to Palestinian authorities. Rights groups say settlers have torched cars and attacked several small Bedouin communities, forcing evacuations to other areas.
Biden's expected order was first reported by POLITICO.
The new executive order comes as Biden was set to visit Michigan on Thursday to rally support from union members in a key presidential battleground state. The Democratic President has faced sharp criticism from Arab and Muslim leaders over his handling of the war with Hamas, and the shadow of the conflict has some Democrats worrying that it could have a major effect on the outcome in the November election.
The President's campaign team has already seen alarming signs of the growing rift with Michigan's Arab American community.
Last week, the President's Campaign Manager, Julie Chavez Rodriguez, traveled to suburban Detroit and found a number of community leaders unwilling to meet with her. Some frustrated by Biden's Israel policy are working to discourage voters from supporting the President in the General Election.
The State Department announced in December it would impose travel bans on extremist Jewish settlers implicated in a rash of recent attacks on Palestinians in the occupied West Bank.
The Department did not announce individual visa bans. But officials said at the time the bans would cover "dozens" of settlers and their families, with more to come if the violence continued.
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