Finance Minister Yuval Steinitz will declare new sanctions against Iran in the coming days, which will define the Islamic Republic as an enemy nation and prohibit all economic contact with it or to its benefit.
The ministry will also publish a list of bodies with connections to Iran, outlawing all trade with them.
Steinitz sent a draft regulation prohibiting investment in corporations doing business with Iran to the Knesset Foreign Affairs and Defense Committee on Thursday morning.
The regulation constitutes one step in the measures approved by the Cabinet against Iran’s nuclear enrichment program on April 17, the ministry said.
The draft regulation sets the criteria for what defines a business relationship with Iran, and requires that any company found to have filled the criteria be placed on a blacklist of firms in which it is prohibited to invest.
Steinitz said of the regulation: “This is a significant step that strengthens Israel’s part in the economic sanctions against Iran, as part of the State of Israel’s commitment to the international effort to thwart Iran’s ability to develop non-conventional weapons, which will threaten the existence of Israel and the West.”
Source: The Jerusalem Post
