The article examines the Basic Law: Israel is the national state of the Jewish people adopted by Israeli Parliament - Knesset - on the 19th of July, 2018. Author handles the Basic Law in the context of the final status determination of the West Bank which is the key problem of the Palestinian-Israeli conflict and further way of Israel existence as well. It is noted that according to the steps taken by the Israeli political leadership including those in the legislative field, it is determined to annex the territory. This Basic Law is rather reviewed from the standpoint of the Israeli leadership intention to address the territorial and demographic aspects of the Palestinian-Israeli relationship in the near future. As far as Arab citizens of Israel are concerned, author partly agrees with the proponents of the Basic Law which insist on its ‘lofty aims’ and that it is not of discriminatory nature just because in fact it hardly can spoil their status more comparing with the present rights of the case. The Nation-S