The companies arming Israel and their financiers
June 20, 2024Download 1.44 MB
A new report published by a group of 19 civil society organizations and trade unions exposes the largest European financial institutions investing in international arms producers that sell weapons to Israel. In total, these financial institutions have provided 36.1 billion EUR in loans and underwritings, and hold 26 billion EUR in shares and bonds in these companies. By selling weapons to Israel, arms producers run a high risk of facilitating ongoing severe violations of international humanitarian law, crimes against humanity and, plausibly, genocide in Gaza. The banks, pension funds and other asset owners providing finance to these companies should take urgent action and divest from companies that do not immediately stop selling arms to Israel.