The European Union excludes Israeli entities outside the Green Line from its loan programs and its competitions for grants and prizes, but Israel will nonetheless be able to participate in the Union’s flagship research and development program, Horizon 2020, the Jerusalem Post reported.

In order to compromise, Israel will write that it does not accept the EU’s settlement guidelines while the EU will write that the guidelines reflect European policy, according to the Post.

Prof. Ruth Arnon, the president of the Israel Academy of Sciences and the Humanities, characterized Israel’s participation in the program as “absolutely essential to the future of science in Israel.” Failing to sign the agreement, she told the Post, would be an “irreversible disaster.”