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EU Warns Banks on Settlement Funding Ahead of E1 Deadline
The European Council warned financial institutions against funding West Bank settlement construction ahead of the E1 bidding deadline. All EU leaders backed the statement, which targets banks and contractors. Israeli banks are concerned about potential British sanctions on lenders financing settlement expansion.
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What happened
- 01EU leaders warned financial institutions against funding West Bank settlement construction.
- 02The warning comes days before the E1 settlement construction bidding deadline.
- 03Israeli banks fear potential British sanctions over settlement financing.
- 04All EU leaders supported the warning to banks and contractors.
Haaretz English publishes in English. The key points are summarized above. Read Haaretz English’s full report from the link below.
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