RTL Today – Report lists 670 European firms with links to Israel settlements

Greater than 670 European monetary establishments have ties with corporations which might be concerned in Israeli settlements within the occupied West Financial institution, a civil society report stated Wednesday.

The report from a bunch of 25 Palestinian, regional and European organisations referred to as on the businesses “to end all investments and financial flows” into the settlements, that are thought-about unlawful below worldwide legislation.

The findings element monetary dealings price $255 billion (218 billion euros) between 2018 and Could 2021 straight or not directly linked to the settlements — together with loans or share and bond purchases — involving main European companies like BNP Paribas and Deutsche Financial institution.

Greater than 600,000 Israeli Jews reside in settlements within the West Financial institution and east Jerusalem, Palestinian territories captured by Israel within the Six-Day Conflict of 1967.

Many giant Israeli corporations are lively in these communities, together with main banks like Leumi and Hapoalim, telecom and web suppliers and grocery store chains, amongst others.

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The report just isn’t an account of economic dealings straight occurring in Israeli settlements.

For instance, lots of the European corporations named have been implicated as a result of they maintain shares in non-Israeli companies, like equipment big Caterpillar, whose merchandise have been utilized in settlements.

The Do not Purchase Into Occupation coalition that authored the report stated these European corporations “have a responsibility to ensure that they are not involved in violations of international law and are not complicit in international crimes”.

Final 12 months, the United Nations launched a listing of 112 corporations with actions in Israeli settlements, together with Airbnb, Expedia and TripAdvisor.

The record was produced by the UN human rights workplace in response to a Human Rights Council decision demanding a “database” of companies that profited from enterprise in occupied Palestinian territory.

The UN transfer, fiercely condemned by Israel and cheered by Palestinians, was seen as a victory for the Boycott, Divestment and Sanctions motion, which seeks to isolate the Jewish state over what it describes because the mistreatment of Palestinians.

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A choice by American ice cream-maker Ben & Jerry’s in July to cease promoting their merchandise within the occupied Palestinian territories additionally drew harsh criticism from Israel and applause from BDS activists.

Greater than three million Palestinians reside within the West Financial institution and Israeli-annexed east Jerusalem.