Finance Ministry forbids trade with Iran through 3rd party

August 14, 2011 15:51


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

The Finance Committee presented regulations to the Knesset Foreign Affairs and Defense Committee on Sunday forbidding trade with Iran through a third party.

The new regulations, drafted over two months after it was found that the Ofer Brothers Group sold an oil tanker to the Republic of Iran Shipping Lines, forbid Israelis to invest in companies that do business with Iran. The three-page document was presented to the Knesset Foreign Affairs and Defense Committee in a meeting that was closed to reporters.

The committee will vote on the regulations later this week, after a new draft is written.

Representing the Prime Minister’s Office, Shuki Friedman said “the new regulations were meant to be as similar as possible to the regulations in the US.”

Related Content

Breaking news
August 19, 2018
Iran defense minister: Iran to unveil new fighter jets