The Luxembourg government’s general pension fund body has decided to boycott five major Israeli banks, as well as a number of Israeli private investment firms, over ongoing construction in illegal settlements in the West Bank. The banks and companies targeted by the boycott are involved in the continuing development on Palestinian land considered
Luxembourg Pension Fund Pulls Out Of Israeli Banks
Joining other European companies and following a recent Dutch pension fund pullout, Luxembourg thinks twice about their investments in Israel, emboldening BDS movement.