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Boycotting Judea and Samaria: Norwegian Fund Seeks to Stop Investing in Israel

The Government Pension Fund of Norway, one of the largest funds in the world, has decided to stop investing in Israel, media reported on Thursday, December 22.

According to the report, the fund announced that it decided to conduct a probe of the entire Israeli banking system, in order to make sure that the money it transfers to Israeli companies operating in Judea and Samaria will not be used for investments.

The Government Pension Fund of Norway manages more than $1.3 trillion in assets, collects all of Norway's excess investments and invests around the world.

The decision to stop investing in Israel began to be discussed already last year, but gained momentum in recent weeks.

An Israeli source with knowledge of the details said that, although the process began before the elections in Israel, the nature of the new government certainly plays a role.

The Norwegian decision also came about following the blacklist of companies operating in Judea and Samaria published by the UN Human Rights Commission, which included 112 companies, including banks.

The Government Pension Fund of Norway is conditioning the continuation of its investments on the fact that those blacklisted banks will stop transferring funds to companies operating in Judea and Samaria. (INN / VFI News)

“The greedy stir up conflict, but those who trust in the Lord will prosper.” - Proverbs 28:25

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