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Since the beginning of escalation, Israel’s losses exceed $61 million

Israel's Losses

Israel’s total financial losses due to the continuing escalation in the Gaza Strip eight days ago equals the total losses it incurred during the 2014 escalation, which lasted 50 days, according to an Israeli report.

The Yediot Aharonot newspaper also reported that more than 4,000 Israelis have so far reported on total losses and damages to homes, apartments, cars, household furniture and other properties as a result of rockets fired from Gaza since the current round of escalation began on May 10.

In addition, severe damage was caused to factories and stockpiles of goods in companies, stores and shops, and agricultural areas, especially those located in the Gaza envelope area, due to the fires caused by the rockets, according to the same source.

Israel’s losses

During the military operation that Israel calls “Guardian of the Walls,” about 3,500 rockets were fired from the Gaza Strip, compared to about 4,500 rockets fired during Operation Protective Edge in the summer of 2014, which lasted 50 days.

During the ongoing escalation so far, the losses resulting from the firing of rockets at private property in Israel amounted to about 200 million shekels ($61 million).

According to the Hebrew newspaper, the current military operation witnessed the transfer of 100 Israeli families from their apartments, which were destroyed by rockets, to hotels at the expense of the state.

Since May 10, the Gaza Strip has been subjected to the most severe Israeli aggression since 2014. The Israeli warplanes launched a series of raids on separate areas of the Gaza Strip.

The air strikes are still continuing until this moment, resulting in the death of more than 200 Palestinians and the injury of more than 1,400 civilians with various injuries.

Combat costs

In a related context, the cost of fighting for the Israeli army during the current military operation is about 120 million shekels (about $37 million) per day.

Accordingly, the cost of eight days of fighting is 960 million shekels ($293 million), according to the same source.

On July 7, 2014, Israel launched a war on the Gaza Strip, which it called “Protective Edge,” which ended on August 26 of the same year.

Keep reading: Fitch: Escalation Will Effect Israel’s Sovereign Rating

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