An Israeli cabinet minister has warned against the establishment of a Palestinian state on the entire Israeli-occupied West Bank, describing the move as "the equivalent of asking it [Israel] to commit suicide," local media has reported.
"Instead of peace, we will get Hamas or the Islamic State of Iraq and the Levant (ISIL) in the suburbs of Tel Aviv and Jerusalem," Strategic Affairs Minister Yuval Steinitz was quoted as saying by The Jerusalem Post.
Steinitz also called on Prime Minister Benjamin Netanyahu to suspend the transfer of taxes collected by Israel for the Palestinian Authority (PA) in response to the latter's decision to push for a UN Security Council resolution calling for the creation of an independent Palestinian state.
He said that, when he had served as finance minister two years ago, he responded to Palestinian threats to take "unilateral" actions by limiting the transfer of tax revenues.
"As a result, within two months, the PA promised to stop its unilateral moves," Steintiz said.
Earlier in the day, Netanyahu flew to Rome for a meeting with U.S. Secretary of State John Kerry to coordinate the two countries' positions before the Palestinians submitted their draft resolution at the Security Council.
"There are attempts to dictate terms that would harm Israel's security and won't bring about peace," Netanyahu was quoted as saying by Israeli daily Haaretz before flying to Rome.
"We will fend off any such attempt that would only bring terrorism into the heart of the state. Even if there will be [attempts to] dictate [terms], we will stand firm," he added.
A PA source told The Anadolu Agency that the authority planned to submit the draft resolution for ending the Israeli occupation and establishing a Palestinian state to the council on Wednesday.
State-run Palestinian news agency WAFA said that the draft resolution would be submitted after an "upcoming meeting between Arab foreign ministers, U.S. Secretary of State John Kerry and European ministers."
The Palestinian draft resolution will seek to apply the "two-state solution," providing the Palestinians with an independent state within pre-1967 borders with East Jerusalem as its capital.
Washington, which hopes to maintain its Arab allies in its coalition against the ISIL militant group, hopes to avoid using its veto to torpedo the Palestinian draft resolution.
Peace talks between Israeli and Palestinian negotiators collapsed in April over Israel's refusal to release a group of Palestinian prisoners despite earlier pledges to do so.
The talks aimed to find a solution to the Palestinian-Israeli conflict, the roots of which date back to 1917, when the British government, in the now-famous "Balfour Declaration," called for "the establishment in Palestine of a national home for the Jewish people."
Israel occupied East Jerusalem and the West Bank during the 1967 Middle East War. It later annexed the holy city in 1980, claiming it as the capital of the self-proclaimed Jewish state in a move never recognized by the international community.