Mobile  |  About us  |  Photos  |  Videos  |  Subscriptions  |  RSS Feeds  |  Today's Paper  |  Classifieds  |  Contact Us
The Daily Star
SATURDAY, 19 APR 2014
06:10 PM Beirut time
Weather    
Beirut
27 °C
Blom Index
BLOM
1,214.01down
Middle East
Follow this story Print RSS Feed ePaper share this
Israel summons Dutch envoy over bank boycott
Agence France Presse
A+ A-

OCCUPIED JERUSALEM: Israel summoned the Netherlands' ambassador on Friday, expressing anger at a decision by Dutch pension asset manager PGGM to divest from Israeli banks over settlement building in the West Bank.

Ambassador Caspar Veldkamp was summoned "for clarification" over the decision, the foreign ministry said.

The ministry "told the Dutch ambassador that the decision of the PGGM pension fund to divest from Israel is unacceptable and relies on false pretence," it said.

"We expect the government of the Netherlands... to take an unequivocal stance against such steps, which only wreak damage to the relations between Israel and the Netherlands."

Dutch Prime Minister Mark Rutte said that PGGM's decision "was their own and has nothing to do with the Dutch government."

"We are against a boycott and against sanctions (against Israel)," he told journalists at his weekly news conference in The Hague. "But we are against the settlements."

Dutch "companies are free to do business within the settlements, but we would not support that," Rutte added.

PGGM, one of the largest pension asset managers in the Netherlands, said on Wednesday it was divesting from five Israeli banks because they finance Jewish settlements in the occupied Palestinian territories.

The announcement came a month after a major Dutch water supplier ended a partnership with an Israeli water company which supplies Israeli towns and Jewish settlements in the occupied West Bank.

" PGGM recently decided to no longer invest in five Israeli banks," said the company, which manages about 153 billion euros ($208 billion) in funds.

"The reason for this was their involvement in financing Israeli settlements in occupied Palestinian territories.

PGGM said there was "a concern, as the settlements in the Palestinian territories are considered illegal under humanitarian law," and regarded by international observers as an "important obstacle to a peaceful (two-state) solution of the Israel-Palestinian conflict."

Senior Palestinian official Hanan Ashrawi commended PGGM for "translating its corporate social responsibility policy into practise."

"Steps by corporations such as PGGM, as well as practical measures that European governments have been taking, finally make Israel realise that it is not above the law," she said in a statement.

The foreign ministry statement came as Israel unveiled more than 1,800 new settler homes in the West Bank and east Jerusalem, in a move Palestinians said would scupper US efforts towards reaching a Middle East peace deal.

 
Home Middle East
 
     
 
Israel / Netherlands
Advertisement
Comments  

Your feedback is important to us!

We invite all our readers to share with us their views and comments about this article.

Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.

comments powered by Disqus
Story Summary
Israel summoned the Netherlands' ambassador on Friday, expressing anger at a decision by Dutch pension asset manager PGGM to divest from Israeli banks over settlement building in the West Bank.

PGGM, one of the largest pension asset managers in the Netherlands, said on Wednesday it was divesting from five Israeli banks because they finance Jewish settlements in the occupied Palestinian territories.

The announcement came a month after a major Dutch water supplier ended a partnership with an Israeli water company which supplies Israeli towns and Jewish settlements in the occupied West Bank.

The foreign ministry statement came as Israel unveiled more than 1,800 new settler homes in the West Bank and east Jerusalem, in a move Palestinians said would scupper US efforts towards reaching a Middle East peace deal.
Related Articles
 
 
Israel appropriates land in West Bank - newspaper
 
 
Homeless, defiant Bedouin stay in Jordan Valley
Entities
Advertisement


Baabda 2014
Advertisement
Follow us on Facebook Follow us on Twitter Follow us on Linked In Follow us on Google+ Subscribe to our Live Feed
Multimedia
Images  
Pictures of the day
A selection of images from around the world- Saturday April 19, 2014
View all view all
Advertisement
Rami G. Khouri
Rami G. Khouri
Why Israeli-Palestinian talks fail
Michael Young
Michael Young
Why confuse gibberish with knowledge?
David Ignatius
David Ignatius
Echoes of 1914 characterize the Ukraine crisis
View all view all
Advertisement
cartoon
 
Click to View Articles
 
 
News
Business
Opinion
Sports
Culture
Technology
Entertainment
Privacy Policy | Anti-Spamming Policy | Disclaimer | Copyright Notice
© 2014 The Daily Star - All Rights Reserved - Designed and Developed By IDS