Israel faces potential economic shock from sanctions
Sixty-one Israeli economic experts issued a warning about catastrophic repercussions on the Israeli economy resulting from sanctions imposed by Western countries in response to settlement activities in the West Bank. The petition pointed out that international measures, particularly from Britain, Europe, and Canada, are heading towards restricting trade with companies linked to the settlements, which could lead to economic isolation and hinder Israel's external funding. Additionally, more than 50 countries have imposed approximately 100 penalties on Israeli companies, threatening to reduce investments and increase living costs amid escalating settler attacks and the expansion of settlements in the West Bank.
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