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Armor shops: How Europe's banks ' weapons of Finance

in Spite of Export bans, the financing of Arms deals will remain lucrative. According to a study by the ten largest European banks in support of arms companies

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Armor shops: How Europe's banks ' weapons of Finance

in Spite of Export bans, the financing of Arms deals will remain lucrative. According to a study by the ten largest European banks in support of arms companies with more than 24 billion euros.

Morning Ali Jameel will be speaking at the annual General meeting of Deutsche Bank to the shareholders. The Deutsche Bank should stop financing arms exports to Yemen's warring States, is Jameel of the Yemeni human rights organization "Mwatana" there. "Weapons from the United States and Europe have contributed to some of the worst horrors of the war, civilians killed, homes taken, and my country destroyed," he says.

in four years, a military Alliance leads in Yemen as a war against rebels - led by Saudi Arabia and the United Arab Emirates. Conservative estimates of the United Nations of a minimum of 16.700 killed or injured civilians.

Eurofighter to Saudi Arabia

The war in Yemen is conducted mainly from the air. European companies such as the Eurofighter consortium, in which Airbus is involved, that is delivered after the beginning of the war for at least 72 eurofighters to Saudi Arabia. Hundreds of cruise missiles, several Thousand air-to-ground missiles and combat aircraft, the British arms company BAE Systems exported - financed by the German Bank.

More than 70 Eurofighter have been delivered to the beginning of the war in the Gulf region.

Commerzbank is Also involved in arms companies whose weapons in Yemen-a war are deadly. Like the US company Lockheed Martin, whose bomb MK 82 was killed in an attack on a Bus in Yemen to use. 40 children and eleven adults were killed. The size of the "Dirty Profits".

The human rights organization "Facing Finance", the publisher of the study, examined eleven armour companies that have supplied in the past four years, the Region of the middle East and North Africa. Accordingly, these companies funded the ten Top European banks, with € 24 billion. Deutsche Bank participated in the period February 2015 to January 2019 on projects from seven of the eleven companies studied in a total volume of 1.8 billion euros.

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