Israel Faces 138 Sanctions Across 63 Countries, Threatening Economy
Translated & summarized from Al-Shams by baba
Israel is facing 138 sanctions and restrictions from 63 countries and entities, impacting its economy, trade, and security, according to a JPPI report. The measures, particularly in finance and trade, raise concerns about supply chain disruptions and international financial dealings. Former Deputy Foreign Minister Sharren Haskel called for a more assertive response, including reciprocal measures and relocating industries, while the JPPI urged a national policy to assess and counter the cumulative economic impact.
The story in 6 lines · by baba
- Israel faces 138 sanctions from 63 countries, impacting finance, trade, security, diplomacy, and academia.
- The Jewish People Policy Institute (JPPI) compiled data showing 110 measures are currently active.
- Financial sector is most affected with 40 measures, followed by security and trade.
- Spain leads with nine measures, but severity varies and is not solely based on numbers.
- Former Deputy Foreign Minister Sharren Haskel advocates for reciprocal actions and relocating industries.
- JPPI calls for a national policy to assess and counter the cumulative economic impact of sanctions.
A report by the Israeli website Walla reveals that Israel is facing an increasing number of sanctions and restrictions from 63 countries and entities, impacting its finance, trade, security industries, diplomacy, and academia. The data, compiled by the Jewish People Policy Institute (JPPI), indicates 138 measures against Israel, with 110 currently in effect, 19 historical, and nine proposed. These measures vary in scope, targeting specific individuals, institutions, or activities rather than imposing a blanket embargo.
JPPI Director General Shoki Friedman warned that the accumulation of these measures could have broader economic consequences, potentially leading international financial institutions to reduce dealings with Israel due to legal and regulatory risks. The financial sector leads with 40 measures, followed by security and defense, and trade, each with 24. Friedman highlighted Israel's reliance on international trade for raw materials and components, cautioning that restrictions could disrupt supply chains and impact manufacturing and export capabilities.
Spain has the highest number of recorded measures with nine, followed by Turkey with seven and the UK with six. However, the JPPI emphasized that the number of measures does not necessarily reflect their severity or impact. The database aims to map the scope and distribution of these actions, not to rank countries by the damage caused.
Former Deputy Israeli Foreign Minister Sharren Haskel called for a shift from a defensive stance to a more deterrent approach, suggesting that Israeli security firms reconsider operations in countries imposing sanctions. She proposed relocating some factories to more supportive nations like Germany and the Czech Republic, and implementing a policy of reciprocity. Haskel also advocated for leveraging legislation and government contracts to pressure companies involved in boycott campaigns.
Friedman urged the creation of a national policy based on the JPPI data to assess the potential repercussions on Israel's financial sector, trade, supply chains, and security industries. He stressed the need to evaluate the full picture and prepare for potential escalations of restrictions.
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