World Bulletin / News Desk
European firms are continuing to boycott Israel after it was reported that Dutch pension fund ABP plans to follow fellow pension fund PGGM’s lead in cutting off ties to Israeli banks.
Nordea Investment Management and DNB Asset Management are also reconsidering their relationship with the Zionist state along with Norwegian pension fund KLP, according to the Financial Times.
PGGM two weeks ago decided to withdraw from five major Israel banks in protest at Israel’s ongoing construction of Jewish settlements in occupied West Bank territories, which is illegal under international law.
A US union of academics began the trend by boycotting Israeli educational institutions in late 2013. Israel now fears that the trend may continue to develop and spread across Europe, led primarily by firms in the UK and Scandinavian countries.
Illegal Jewish settlers in the West Bank have already noted a significant drop in income from exports for 2013.
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