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Brexit to Have No Direct Impact on Israeli Economy

© REUTERS / Ronen ZvulunIsraeli Prime Minister Benjamin Netanyahu gestures as he speaks during the Jerusalem Post Diplomatic Conference in Jerusalem November 18, 2015.
Israeli Prime Minister Benjamin Netanyahu gestures as he speaks during the Jerusalem Post Diplomatic Conference in Jerusalem November 18, 2015. - Sputnik International
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Israeli Prime Minister Benjamin Netanyahu said that there is no direct effect of Brexit on Israel apart from the fact that Israel is part of the global economy.

MOSCOW (Sputnik) — The United Kingdom's exit from the European Union will not have direct impact on Israeli economy, Israeli Prime Minister Benjamin Netanyahu said Sunday.

"There is no direct effect [of Brexit] on Israel apart from the fact that we are part of the global economy. Over the weekend I held a discussion with the Finance Minister, the Governor of the Bank of Israel… I can say one thing: The Israeli economy is strong. It has very considerable foreign currency reserves; therefore, to the extent that there is some effect, it is not expected to be strong, other than unrest in the global economy," Netanyahu said at the start of the weekly Cabinet meeting.

Pro-Brexit flags fly from a fishing boat moored in Ramsgate on June 13, 2016. - Sputnik International
Over 3Mln UK Citizens Sign 'Regrexit' Petition to Hold 2nd EU Referendum
On Sunday, Netanyahu is expected to hold meetings with US Secretary of State John Kerry and Italian Prime Minister Matteo Renzi in Rome. According to Netanyahu, the sides will discuss the consequences of Brexit and regional security issues.

On Thursday, the United Kingdom held a referendum to determine whether or not the country should leave the EU. According to the final results, 51.9 percent of voters, or 17.4 million people, decided to support Brexit, while about 16.1 million opposed it.

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