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UN Expert Says Firms 'Profiting' From 'Genocide' of Palestinians

GAZA AND THE OCCUPIED PALESTINIAN TERRITORIES, JUL 3 – UN Special Rapporteur Francesca Albanese urges states to impose sanctions and an arms embargo on Israel, citing over 56,000 Palestinian deaths and corporate involvement in sustaining the conflict.

  • On July 3, 2025, UN Special Rapporteur Francesca Albanese presented a report to the Human Rights Council accusing over 60 multinational companies of profiting from Israel’s military actions in Gaza and describing an 'economy of genocide.'
  • Her report follows the October 7, 2023 Hamas attack and highlights how private actors, including banks like BNP Paribas and Barclays, sustain the Israeli occupation amid ongoing hostilities.
  • The report was discussed at a UN side event on July 2, 2025, co-organized by Law for Palestine and attended by representatives from multiple states and civil society, focusing on the economic responsibilities of third states and companies.
  • Albanese called for a full arms embargo and suspension of all trade agreements with Israel, warning that companies risk complicity in war crimes, while Israel rejected the report as 'groundless' and defamatory.
  • Speakers stressed that accountability must extend beyond states to corporate and financial actors, urging coordinated legal and civil action to dismantle economic systems sustaining occupation, apartheid, and potential genocide.
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The European Union has become a platform for creating excuses to evade responsibility for the events in Gaza, warns UN Special Rapporteur Francesca Albanese. She is also particularly critical of the role of companies and institutions that cooperate with Israel.

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FRESH NEWS broke the news in on Thursday, July 3, 2025.
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