Swedish Pension Fund Bans Israeli Firm

Sweden’s biggest retirement fund boycotts an Israeli electronics company involved in the operation of the surveillance system installed on the West Bank separation barrier.

The Israeli army’s Elbit Systems has been barred by the Forsta AP-Fonden pension fund in protest to the firm’s role in the construction of the "apartheid wall" erected deep inside the Palestinian territories.

The separation wall runs 709 kilometers (435 miles) through the West Bank, isolates Palestinian orchards and cuts the locals from hundreds of hectares of their land. This is leading to the total isolation of the Palestinian Plains — the fruit basket of Palestine — in the Jordan valley area.

The Swedish Pensions fund stated on its website that the Ethical Council urged the boycott of Elbit Systems due to the company’s involvement in the Annexation Wall, which Stockholm deems illegal under international law.

Israel has been pushing ahead with the erection of the separation wall, defying the 2004 advisory ruling of the International Court at The Hague which said the move violates international law.

In September 2009, the State Pension Fund in Norway also decided to boycott the Haifa-based Elbit Systems, infuriating Tel Aviv officials who summoned the Norwegian ambassador to protest the decision.

(Press TV)

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