Malaysia has said it will not recognise unilateral sanctions in response to a proposed US law to level sanctions against foreign supporters of Hamas and other groups operating in Palestine, Reuters reports.

The Hamas International Financing Prevention Act, aimed at cutting off international financing to the groups, was passed by the US House of Representatives last week and is awaiting voting by the Senate.

Malaysian Prime Minister Anwar Ibrahim said his government was closely monitoring developments on the bill’s passage, adding that it could affect Malaysia only if it is proven to provide material support to Hamas or other Palestinian groups.

“Any sanctions against Malaysia can also affect the assessment of the US government and US companies towards Malaysia, as well as affect US companies’ investment opportunities in Malaysia,” Anwar said in a written reply to parliament.