Netanyahu also linked the EU decision to Nazi Germany after the 28-member block ruled it would labelling Israeli settlement products
Israel has suspended upcoming meetings with the EU in retaliation for the EU deciding to label all produce coming from Israeli settlements.
"Because of the latest EU decision, Israel is suspending its diplomatic dialogue with the EU in various forums which had been scheduled to take place in the coming weeks," Israel's foreign ministry said on Wednesday, adding that its diplomats would not attend a number of scheduled EU meetings after the EU ruling.
Shortly before the announcement, Prime Minister Benjamin Netanyahu compared the European Union's decision to label goods from Israeli settlements to the Nazi boycott of Jewish businesses.
"The labelling of products of the Jewish state by the European Union brings back dark memories. Europe should be ashamed of itself," he said in an English-language video clip posted on Facebook.
"It (the EU) took an immoral decision [...] this will not advance peace, it will certainly not advance truth and justice. It's wrong."