EU expands partnership with Israeli settlement builder
The European Union is expanding its partnership with Bank Leumi, a major financier of Israeli settlements on Palestinian land in the occupied West Bank.
The EU claims to oppose Israel’s construction of settlements in the occupied territories, a war crime.
On Monday, Emanuele Giaufret, the EU ambassador in Tel Aviv, trumpeted news that the European Investment Fund and Bank Leumi are expanding a loan program for tech companies in Israel.
Called LeumiTech, the program was launched in 2016 with an initial $100 million.
Under the expanded partnership, the EU’s European Investment Fund will provide guarantees for up to $620 million of LeumiTech loans.