A new bill being promoted by Prime Minister Benjamin Netanyahu would imprison Israelis for up to three years for doing business with companies that contribute to Iran’s nuclear program, whether directly or indirectly.
The bill, entitled “The law of the struggle against Iran’s nuclear program,” seeks to strike a blow against Iran by prohibiting Israeli business dealings with companies that deal with the Islamic Republic on all matters related to technology, information, financial services and logistics that aid its nuclear program in any way.
This sweeping ban would also require any Israeli who currently has such dealings to notify the Finance Ministry, and cease all relations within 90 days of the bill passing. Refraining from reporting business activity with Iran will be a criminal offense, punishable by one year in prison.
According to Haaretz, the proposed law states: “In light of the threats and their severity, the State of Israel and the international community are acting to impose sanctions on Iran, so that it will change its policy and cease from promoting its dangerous nuclear program.”
A committee to be set up under the auspices of the finance minister will determine which companies are in violation of this ban.