Warning in the Wall Street Journal: Sanctions on Israel Could Disrupt Capital Flow to High-Tech

An opinion piece in the Wall Street Journal warns that financial sanctions planned by the UK on settlements could disrupt the flow of capital to Israeli high-tech through the Cayman Islands, and harm the economy of the British territory.

An opinion piece by a British tax expert in the Wall Street Journal warns that financial sanctions planned by the UK on settlements could disrupt the flow of capital to Israeli high-tech through the Cayman Islands. The sanctions, announced by Foreign Secretary Ed Miliband in September 2026, have been in the formulation stage for about six months. Israeli officials have expressed concern that they could include Israeli financial institutions in general. Prime Minister Benjamin Netanyahu announced the examination of using cryptocurrencies to deal with sanctions. Dan Harris, a partner at a law firm advising hedge funds, argues that the sanctions could deal a severe blow to the Cayman Islands economy, which is based on financial services, and harm the flow of capital to Israeli startups. He calls the proposal 'stupid and hasty'.