(VOVworld) - Several Israeli cabinet ministers have criticized the US for its Secretary of State’s peace talks with Palestine.

Speaking in Munich on Saturday, John Kerry warned that Israel may face economic impact and boycott threats if peace talks with Palestine fail. Israeli Intelligence Minister Yuval Steinitz rejected the statement, saying that it’s provocative and unfair. Israeli Prime Minister Benjamin Netanyahu said any plot to boycott Israel is unfair while Economic Minister Naftali Bennett said Israel will stay firm on its path despite economic threats.