Defense industry exporters in the UK have reported significant losses due to a government policy to restrict the sale of military equipment to Israel. British defense exports to the Jewish state dropped from 22 million British pounds ($35.7 million) to GBP10 million over the past year, reported Guardian. Britain imposed a de facto arms embargo on Israel last year, applying to military equipment that could be used in Israel’s continuing operations in the Palestinian territories. Each application must be examined on a case-by-case basis. Read more about Restrictions on defense sales to Israel deal hard blow to UK exporters