Palestinian President Mahmoud Abbas said on Sunday he was discussing with Jordan plans to resubmit to the United Nations Security Council a resolution calling for the establishment of a Palestinian state.

Palestinian President Mahmoud Abbas said on Sunday he was discussing with Jordan plans to resubmit to the United Nations Security Council a resolution calling for the establishment of a Palestinian state that failed to win enough votes last week.

"We didn't fail, the U.N. Security Council failed us. We'll go again to the Security Council, why not? Perhaps after a week," Abbas told officials at a cultural conference in the West Bank city of Ramallah, the Palestinian seat of self-rule government.

"We are studying it, and we will study this with our allies and especially Jordan ... to submit the resolution again, a third time or even a fourth time."

In the U.N. vote on Tuesday, the Palestinian draft received eight votes in favor, including France, Russia and China, two against and five abstentions, among them Britain. Australia joined the United States in voting against the measure.

Abbas signed onto 20 international conventions the next day, including the Rome Statute of the International Criminal Court, giving the court jurisdiction over crimes committed on Palestinian lands and opening up an unprecedented confrontation between the veteran peace negotiator and Israel.

In retaliation for the move to the ICC, the Zionist entity announced on Saturday that it would withhold 500 million shekels ($125 million) in monthly tax funds that it collects on the Palestinians' behalf, in a blow to Abbas's cash-strapped government.

"Now there are sanctions - that's fine. There's an escalation - that's fine ... but we're pushing forward," Abbas said.