Iran has banned ‘’ Zionist companies‘ from doing business in Iran, Israel’s ‘Army Radio’ has reported. The blacklist, approved by President Mahmoud Ahmadinejad, is made up of supposedly “Jewish-owned” international companies like IBM, Intel, Coca-Cola and Nestlé. The blacklist is made up of international companies, mainly American, or that operate branches in Israel. The boycott is seen as a reaction to UN sanctions against Iran passed recently.
The amendment was added to a new law passed in reaction to the Gaza flotilla incident. It is entitled “The ‘Palestinian Support Law’ and seeks to isolate Israel, according to the report. Ahmadinejad also signed a new law forbidding Iranian broadcasters from airing ads for ‘ Zionist companies’. The law was ratified by the Iranian Parliament earlier in June.
The Foreign Ministry in Tehran is responsible for ensuring that the boycott is implemented. Ahmadinejad also announced that he planned to propose similar laws in international forums, such as the United Nations and the Arab League.
