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Israeli far-right Finance Minister Bezalel Smotrich holds a map of an area near the settlement of Maale Adumim, a land corridor known as E1, outside Jerusalem in the occupied West Bank, on August 14, 2025.
(Photo by Menahem Kahana/AFP via Getty Images)
New Boycott Campaign Targets Companies Profiting From Illegal Israeli Settlements in West Bank
"We cannot allow international companies and governments to profit from occupation, dispossession and human suffering," said one peace advocate.
Sep 15, 2025
Oxfam International on Monday announced a new boycott campaign aimed at companies that do business with illegal Israeli settlements in the occupied West Bank.
The campaign, called "Stop Trade With Settlements," is being sponsored by more than 80 civil society organizations and it names multiple companies including Barclays Bank, Siemens, and Carrefour as firms that are benefiting from selling goods and services to the settlements.
In a statement announcing the boycott campaign, Oxfam explained why "ending trade with settlements is a necessary step to uphold human rights, protect Palestinian livelihoods, stop Israel’s settlement expansion, and end the unlawful occupation" of the West Bank.
"Over the last four years, Israel has significantly accelerated its settlement activities in the West Bank," the organization said. "Most of these approvals were granted for settlements located 'deep into the West Bank,' further fragmenting Palestinian territory and imposing new movement restrictions on Palestinians."
"The revival of the ‘E1’ plan... is effectively cutting off Palestinian movement between the northern and southern West Bank," the group added, referring to the E1 settlement that Israeli Prime Minister Benjamin Netanyahu signed off on last week. The plan will "bury" the possibility of a Palestinian state by cutting East Jerusalem off from the rest of the West Bank.
Oxfam then walked through how these firms are profiting from doing business in the West Bank.
German travel conglomerate TUI, for example, offers a bus tour through the West Bank for tourists to meet with settlers who are illegally living on Palestinians' land.
Siemens, meanwhile, was found to have provided "equipment and services for settlement-linked transportation infrastructure including a rail deal worth over €1 billion."
The report singled out Barclays for providing $18.1 billion in loans to settlement-linked firms over a three-and-a-half-year period, which the report said made it "the third largest creditor of corporations complicit in settlement trade."
Anne-Marie Clements, engagement officer at the Catholic charity Justice and Peace Scotland, spoke of her recent trip to the occupied West Bank, where she met Palestinians who "told me of land confiscation, settler violence, home demolitions, military checkpoints and the denial of water: all daily realities of the occupation that make life unbearable."
Clements said the reality on the ground in the West Bank made it imperative for her organization to support the boycott campaign.
"The Stop Trade With Settlements campaign shines a light on how the illegal settlements, an integral part of the occupation, are sustained through trade," she said. "Ending this trade is not just a political necessity but a moral imperative. We cannot allow international companies and governments to profit from occupation, dispossession, and human suffering."
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Oxfam International on Monday announced a new boycott campaign aimed at companies that do business with illegal Israeli settlements in the occupied West Bank.
The campaign, called "Stop Trade With Settlements," is being sponsored by more than 80 civil society organizations and it names multiple companies including Barclays Bank, Siemens, and Carrefour as firms that are benefiting from selling goods and services to the settlements.
In a statement announcing the boycott campaign, Oxfam explained why "ending trade with settlements is a necessary step to uphold human rights, protect Palestinian livelihoods, stop Israel’s settlement expansion, and end the unlawful occupation" of the West Bank.
"Over the last four years, Israel has significantly accelerated its settlement activities in the West Bank," the organization said. "Most of these approvals were granted for settlements located 'deep into the West Bank,' further fragmenting Palestinian territory and imposing new movement restrictions on Palestinians."
"The revival of the ‘E1’ plan... is effectively cutting off Palestinian movement between the northern and southern West Bank," the group added, referring to the E1 settlement that Israeli Prime Minister Benjamin Netanyahu signed off on last week. The plan will "bury" the possibility of a Palestinian state by cutting East Jerusalem off from the rest of the West Bank.
Oxfam then walked through how these firms are profiting from doing business in the West Bank.
German travel conglomerate TUI, for example, offers a bus tour through the West Bank for tourists to meet with settlers who are illegally living on Palestinians' land.
Siemens, meanwhile, was found to have provided "equipment and services for settlement-linked transportation infrastructure including a rail deal worth over €1 billion."
The report singled out Barclays for providing $18.1 billion in loans to settlement-linked firms over a three-and-a-half-year period, which the report said made it "the third largest creditor of corporations complicit in settlement trade."
Anne-Marie Clements, engagement officer at the Catholic charity Justice and Peace Scotland, spoke of her recent trip to the occupied West Bank, where she met Palestinians who "told me of land confiscation, settler violence, home demolitions, military checkpoints and the denial of water: all daily realities of the occupation that make life unbearable."
Clements said the reality on the ground in the West Bank made it imperative for her organization to support the boycott campaign.
"The Stop Trade With Settlements campaign shines a light on how the illegal settlements, an integral part of the occupation, are sustained through trade," she said. "Ending this trade is not just a political necessity but a moral imperative. We cannot allow international companies and governments to profit from occupation, dispossession, and human suffering."
Oxfam International on Monday announced a new boycott campaign aimed at companies that do business with illegal Israeli settlements in the occupied West Bank.
The campaign, called "Stop Trade With Settlements," is being sponsored by more than 80 civil society organizations and it names multiple companies including Barclays Bank, Siemens, and Carrefour as firms that are benefiting from selling goods and services to the settlements.
In a statement announcing the boycott campaign, Oxfam explained why "ending trade with settlements is a necessary step to uphold human rights, protect Palestinian livelihoods, stop Israel’s settlement expansion, and end the unlawful occupation" of the West Bank.
"Over the last four years, Israel has significantly accelerated its settlement activities in the West Bank," the organization said. "Most of these approvals were granted for settlements located 'deep into the West Bank,' further fragmenting Palestinian territory and imposing new movement restrictions on Palestinians."
"The revival of the ‘E1’ plan... is effectively cutting off Palestinian movement between the northern and southern West Bank," the group added, referring to the E1 settlement that Israeli Prime Minister Benjamin Netanyahu signed off on last week. The plan will "bury" the possibility of a Palestinian state by cutting East Jerusalem off from the rest of the West Bank.
Oxfam then walked through how these firms are profiting from doing business in the West Bank.
German travel conglomerate TUI, for example, offers a bus tour through the West Bank for tourists to meet with settlers who are illegally living on Palestinians' land.
Siemens, meanwhile, was found to have provided "equipment and services for settlement-linked transportation infrastructure including a rail deal worth over €1 billion."
The report singled out Barclays for providing $18.1 billion in loans to settlement-linked firms over a three-and-a-half-year period, which the report said made it "the third largest creditor of corporations complicit in settlement trade."
Anne-Marie Clements, engagement officer at the Catholic charity Justice and Peace Scotland, spoke of her recent trip to the occupied West Bank, where she met Palestinians who "told me of land confiscation, settler violence, home demolitions, military checkpoints and the denial of water: all daily realities of the occupation that make life unbearable."
Clements said the reality on the ground in the West Bank made it imperative for her organization to support the boycott campaign.
"The Stop Trade With Settlements campaign shines a light on how the illegal settlements, an integral part of the occupation, are sustained through trade," she said. "Ending this trade is not just a political necessity but a moral imperative. We cannot allow international companies and governments to profit from occupation, dispossession, and human suffering."
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