• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Iceland

Reykjavík takes back its decision to boycott Israeli goods

By
Michal Addady
Michal Addady
Down Arrow Button Icon
By
Michal Addady
Michal Addady
Down Arrow Button Icon
September 21, 2015, 1:37 PM ET
Iceland's Capital As Failed Bank Creditors Fight Krona Controls
Residential and commercial buildings stand on the city skyline in Reykjavik, Iceland, on Thursday, Jan. 3, 2013. Creditors of Iceland's three biggest failed banks are fighting for a waiver to krona controls imposed in 2008 amid risks pay-outs will be delayed beyond 2015. Photographer: Arnaldur Halldorsson/Bloomberg via Getty ImagesPhotograph by Arnaldur Halldorsson — Bloomberg via Getty Images

Just days after the capital of Iceland declared that it would be boycotting Israeli products, the mayor of Reykjavík, Dagur B. Eggertsson, announced that the city council has withdrawn its decision, Iceland Magazine reports.

Eggertsson explained this withdrawal to the Icelandic National Broadcasting Service RÙV, saying that it was prepared too hastily:

Yes, the decision was poorly prepared. In the past I have taken great pride in preparing all big decisions thoroughly. I’ll admit here and now that I am angry with myself for not doing that, and for not having prepared the decision as well as I would have liked to. This was very unfortunate.

The decision to boycott Israel received immediate backlash from multiple sources, especially from Israeli authorities and Jewish organizations. Eggertsson was shocked by the huge response: “I did expect a reaction, but nothing like this.” He said that it was surprisingly more intense than when Iceland voted to recognize Palestine as an independent state in 2011.

Even Iceland’s prime minister had harsh words for Reykjavík’s city council. He called its decision “absurd” and said that it injured the country’s reputation and commercial interests.

Eggertsson believes that the boycott received so much negative criticism because the text was unclear. The city council neglected to clarify which products would be boycotted and how. It seemed like a decision to eliminate all Israeli goods from the city limits, but Eggertsson explained that the city council does not have the authority to do that and the boycott would only affect purchases made by city agencies.

The original decision is to be overturned and the city council plans to put forward a new proposal.

About the Author
By Michal Addady
See full bioRight Arrow Button Icon
0

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Most Popular

placeholder alt text
C-Suite
Meet Jody Allen, the billionaire owner of the Seattle Seahawks, who plans to sell the team and donate the proceeds to charity
By Jake AngeloFebruary 9, 2026
1 day ago
placeholder alt text
AI
As billionaires bail, Mark Zuckerberg doubles down on California with $50 million donation
By Sydney LakeFebruary 9, 2026
1 day ago
placeholder alt text
Economy
China might be beginning to back away from U.S. debt as investors get nervous about overexposure to American assets
By Eleanor PringleFebruary 9, 2026
1 day ago
placeholder alt text
Economy
America borrowed $43.5 billion a week in the first four months of the fiscal year, with debt interest on track to be over $1 trillion for 2026
By Eleanor PringleFebruary 10, 2026
11 hours ago
placeholder alt text
Economy
Elon Musk warns the U.S. is '1,000% going to go bankrupt' unless AI and robotics save the economy from crushing debt
By Jason MaFebruary 7, 2026
3 days ago
placeholder alt text
Personal Finance
Current price of silver as of Monday, February 9, 2026
By Joseph HostetlerFebruary 9, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.