KernowDamo: Boycott, Divestment & Sanctions have just cost Israel tens of millions in foreign shareholdings & that could rise to billions.
Right, so if there is one surefire way to really hit Israel where it hurts at the moment, it’s taking shots at it’s economy, which has for months been suffering from loss of investment, multibillion dollar deals falling through, not to mention the bulk of it’s trade, not with it’s neighbours who it is at war with most of them, is with nations further afield, Israel reliant on sea trade for that and the interruption to it’s shipping and shipping routes, most notably courtesy of the Houthis in Yemen is taking a toll.
On top of that we’ve now just witnessed one of the biggest impacts courtesy of Boycott, Divestment and Sanctions carried out against Israel, certainly by a Western nation at that and given the body involved here is one of the biggest investment funds on the planet, the knock on effect to other investors, who don’t want to have their own business sullied by association with Israeli atrocities across the Middle East, may follow suit here too.
Right, so bad economic news for Israel, as yet again they take a hit in the pocket, which these days is the most surefire way of making them go ouch, I’m waiting to be honest to see how long it is before investors taking their money away and reinvesting elsewhere start to be called antisemitic for refusing to do business with the genocidal apartheid state, but when Israel’s own people are moving their money out of the country, from savings to pensions, it doesn’t exactly come across as a place where investing large amounts of cash seems like a promising idea for big returns.
Once again this is being hailed as a big success story for the global Boycott, Divestment & sanctions Movement, BDS, as the worlds largest sovereign wealth fund, so we’re talking a state owned investment company, has pulled of all of it’s investments in Israel’s Telecoms giant Bezeq.
Now it was only the other day that I made mention of Bezeq in another video, as they are actually implicated in one of the three corruption cases being brought against Benjamin Netanyahu, something he was supposed to be in court for on Monday, but having pleaded safety concerns, got himself an 8 day extension, so this coming Tuesday as things stand, will now see him in the dock.
The case in question is called Case 4000 and is the biggest of the three corruption cases in terms of potential prison time for Netanyahu as in this case Netanyahu is accused of trying to negotiate positive coverage for himself and his wife, by offering regulatory favours to Israel’s biggest Telecommunications company, Bezeq Telecom Israel to give it its full name and to do so via a news website controlled by the Chairman of Bezeq Telecom. This case carries charges of breach of trust and fraud, but also bribery, which could collective in this case alone amount to a possible prison sentence of more than ten years.
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