The decision follows a recommendation by Israel's Council on Ethics to exclude Elbit Systems because of its involvement in construction of a separation barrier between Israel and Palestinian areas, The Norway Post reported Friday.
"We do not wish to fund companies that so directly contribute to violations of international humanitarian law," says Kristin Halvorsen, finance minister.
The ministry says the surveillance system Elbit supplies to Israel is one of the main components in the separation barrier and has no other application.
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