Israel is fighting a new war on the financial front – and it is not ready - opinion
Settler violence has been treated as a nuisance rather than as a strategic threat that hands Israel’s adversaries ammunition on a silver platter.
The article discusses the potential for Israel to face financial sanctions similar to those imposed on Russia. After Hamas' October 7, 2023 attack, Israel experienced unprecedented diplomatic isolation. This month, Britain, France, and Canada announced plans to impose restrictions on trade with Israeli settlements, including an import ban on settlement goods and measures targeting companies and individuals involved in settlement expansion.
While these measures are currently designed to distinguish between Israel within the Green Line and Israeli activity beyond it, there is concern that sanctions could expand if Israel were to formally annex parts of the West Bank. The article warns that once a country imposes sanctions on a specific aspect of Israeli activity, it could be difficult to reverse the measures, potentially affecting companies building homes, highways, and other infrastructure, as well as banks financing and underwriting these projects.
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