West Bank & Jerusalem
European Council warns firms against financing Israel's E1 settlement
Image credit: Middle East Eye
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The European Council has cautioned companies against financing construction in Israel's E1 West Bank settlement area, Middle East Eye reported. The body that sets the EU's political direction warned that companies could face legal, economic and reputational consequences for involvement in such projects.
The warning reflects growing European opposition to Israeli settlement expansion in occupied Palestinian territory. E1, located between Jerusalem and the Jordan Valley, is considered a strategically significant area whose development could further fragment Palestinian land.
