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October 16, 2013 12:10 pm

Israel Tightens Law Banning Indirect Business Dealings with Iran

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The Israeli Knesset. Photo: Wiki Commons. The Knesset Constitution, Law and Justice Committee approved a set of guidelines on Tuesday that would effectively forbid Israelis from doing any business with Iran, Israel Hayom reported.

The committee approved the guidelines required to enact the Struggle Against the Iranian Nuclear Program Law, which was already approved last year. The law forbids Israelis from making indirect contact with Iran for business; direct contact has already been banned. The law also stipulates that a special committee of ministers must vote any time a corporation wants to make direct or indirect contact with Iran for business.

With the guidelines approved, the law is expected to go into effect in two weeks.

“At a time when world nations are falling victim to Iran’s fake charm, it is important to severely punish those who do business with our enemies,” committee chairman MK David Rotem (Yisrael Beiteinu) said.

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