Some of Israel’s largest companies, including Teva and Coca Cola Israel, are slated to be included on a “blacklist” to be published by the United Nations Human Rights Council (UNHRC) for doing business in the disputed territories.
According to a report by Israel’s Channel 2, the Israeli firms on the list include Teva, Bezeq, Egged, Elbit, Netafim, AFI Group, and Coca Cola Israel as well as Israel’s two largest banks, Bank Hapoalim and Leumi.
A previous report by the Washington Post in August said that the U.S. firms on the list include Caterpillar, TripAdvisor, Priceline and Airbnb.
Deputy Foreign Minister Tzipi Hotovely said in a statement that the “the U.N. is playing with fire.”
“The more it acts against Israel, the more it will lose its budget. These activities can harm the U.N. like a boomerang. Israel is working with the US to put together an action plan to end the U.N. bias against Israel. The UN Human Rights Council is the most hypocritical arena, that is where the revolution should start,” she said.
Last month, U.S. Ambassador to the United Nations Nikki Haley also threatened to cut funding to the UNHRC if the body publishes the list.
“If you (the UNHRC) publish the list against settlements we will harm your funding,” Haley said.
The UNHRC voted to approve the database of businesses last year, defying objections from the U.S. and Israel.