Cyprus, which has close ties with Israel, considers arrest warrants issued by the International Criminal Court (ICC) as binding in principle, a government source told Reuters on Friday.

The ICC on Thursday issued arrest warrants against Israeli Prime Minister Benjamin Netanyahu, a former Israeli defense minister and a leader of the terrorist group Hamas for alleged crimes against humanity.

"The decision is being studied and we have no comment on that. As a matter of principle, the decisions of the International Criminal Court are both respected, and binding," said the government source, requesting anonymity.