Norway's
huge sovereign wealth fund, the world's largest, blacklisted two Israeli
companies involved in construction of settlements in East Jerusalem, the
country's finance ministry said Thursday.
The ban on
investing in the firms revived a three-year prohibition on them that the
Government Pension Fund of Norway had dropped in August last year.
The
companies are Africa Israel Investments, an Israeli real estate developer, and
its construction subsidiary Danya Cerbus.
The
ministry cited the company's alleged "contribution to serious violations
of individual rights in war or conflict through the construction of settlements
in East Jerusalem," a territory where Israel's claims are not recognised
by the international community.
Norway's
sovereign wealth fund is fed by the country's oil surplus. It is worth an
estimated $818 billion according to the SWF Institute, a body that tracks such
funds.
As well as
resuming the Israeli firm blacklisting, Norway suspended a restriction on the
fund buying bonds issued in Myanmar, leaving only North Korea, Iran and Syria
on the list of countries ineligible for investment.
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