Because of the Ben & Jerrys boycott: Another country is withdrawing investments

by time news

(Photo: Shatterstock)

The struggle is gaining momentum: Today (Thursday) the Illinois Investment Board of the United States unanimously voted in favor of withdrawing the state’s pension funds from Unilever Global, following the boycott announced in July by its global subsidiary Ben & Jerrys, which bans the Israeli franchisee from selling ice cream In Judea and Samaria.

The state of Illinois joins a long list of states that have already announced the withdrawal of holdings and pension funds from Unilever. Arizona has already sold $ 93 million worth of investment, while New Jersey began pulling in its $ 182 million investment earlier this month.

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Illinois, Arizona and New Jersey and 30 other U.S. states whose book of laws contain a boycott law that allows sanctions against those boycotting Israel are exerting unprecedented pressure on Unilever Global to reverse its decision. About 13% who stand in the hundreds of millions of dollars.

Last July, the company informed Avi Singer, the Israeli franchisee who operates independently in Israel, that his franchise in Israel would not be extended due to his refusal to stop selling the company’s products in Judea and Samaria. Singer even informed Unilever Global that he did not give in to the company’s demand and would continue to employ about 170 Israeli workers at the plant in the south.

Torch on Ben & Jerry’s boycott (Photo: Foreign Ministry spokeswoman)

Avi Singer, CEO of Ben & Jerrys Israel, who is currently leading a stubborn struggle with the company’s decision: “I am excited about the worldwide backing and the addition of the state of Illinois to the list of countries that impose immediate and painful sanctions against Unilever. I am sorry that actions taken overseas are not reflected here in Israel. While Unilever insists on the boycott, the State of Israel does not take any sanctions and continues to provide far-reaching benefits to the company and even purchase products from it for tens of millions of shekels. It is time for the State of Israel to invite the management of Unilever to a hearing immediately and to take actions that it itself requires from other countries through the Ministry of Foreign Affairs. “

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