Barclays has also faced criticism for providing financial services to defence firms that produce equipment used by the Israeli Defence Force
Barclays drew up plans to pull out of future Israeli government bond auctions as it reviewed its exposure to the country under pressure from pro-Palestinian activists, the Financial Times reported on Wednesday, citing people familiar with the matter.
“We appreciate the bank’s statement affirming its continued commitment to the State of Israel,” the report quoted Yali Rothenberg, Israel’s accountant general, as saying. The U.K. bank had said in May it does not invest its own money in companies that supply weapons used by Israel in Gaza, as it is not an investor and instead trades shares of listed firms for clients. The clarification came after one of its London branches was targeted by pro-Palestinian activists.
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