BREAKING NEWS

Steinitz to issue order barring economic contact with Iran

By JPOST.COM STAFF

JULY 21, 2011 15:47

Finance Minister Yuval Steinitz on Thursday announced plans to issue an order in the coming days stating that Iran is an enemy state and therefore any economic contact with the Islamic Republic is prohibited, Army Radio reported.

Steinitz presented for the approval of the Knesset Foreign Affairs and Defense Committee a draft of regulations outlawing investment in corporations doing business with Iran.

"This is an important step in strengthening Israel's part in economic sanctions against Iran," Steinitz said.

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