Italy and Spain join Germany, U.K. & France in advising against possible legal and financial risks for those investing in Israel.
The Spanish and Italian governments issued a warning to their citizens on Friday against doing business with Israeli settlements in the West Bank, in East Jerusalem, and in the Golan Heights. The foreign ministries of both countries announced that companies engaging in economic activity in the settlements would be making themselves vulnerable to a series of risks.

Ma’ale Adumim in Judea and Samaria – Photo: Lowshot
According to the announcements made by Spain and Italy, the European Union and its member states do not recognize Israeli rule in the West Bank, East Jerusalem and the Golan Heights, which were conquered in 1967, and regard the settlements as illegal in international law.