Largest Dutch pension fund sanctions Israeli banks over settlements [PressTV]
- uploaded: Jan 8, 2014
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One of the world's leading pension fund management companies boycotts Israeli banks over Tel Aviv's settlement activities.
The Netherlands' PGGM has decided to withdraw all its investments from Israel's five top banks. The company says the decision was made because Israel's settlement construction in the occupied West Bank poses a problem from the standpoint of international law. There are now growing concerns in Israel that the firm's decision could lead other companies in Europe to follow suit. Over the past few weeks, Dutch firms have been involved in a wave of boycotts and sanctions against Israeli firms over its ongoing settlement activities. Tel Aviv is also facing a global campaign that boycotts academic institutions in Israel over the same illegal activities.
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