British banks told not to invest in planned Israeli settlement before UK trade ban begins

NEWS SUMMARY

British MPs have warned financial institutions not to invest in Israel's E1 settlement project, citing upcoming trade bans on illegal settlements. The letter urges banks to review their obligations and consider the legal and reputational risks before new UK legislation, expected in six to nine months, takes effect.

Based on full article · updated 1h ago

Full BriefGenerated 48m ago

MPs send out letter as Israeli government seeks bids for construction of large E1 settlement in West BankBritish banks and financial institutions are receiving written warnings from MPs that they should not invest in Israel’s E1 settlement project even though new UK laws banning trade with illegal settlements are unlikely to be in place for months. A letter was sent to banks on Tuesday by the all-party Britain-Palestine group of MPs saying the onus was now on banks to review their obligations no

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