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Article

16 Jul 2015

Author:
EIRIS Conflict Risk Network

Press release

EIRIS Foundation announced the release of a new online database of companies in Crimea and Palestine. For the first time, businesses, civil society, media and the investor community will have access to objective and comprehensive information about corporate operations in these two occupied territories...International law recognizes occupation as a form of conflict, and occupying governments use economic activity to help secure and maintain control of territories...“Until now, investors have had little access to objective information about corporate presence and operations in the occupied territories of Crimea and Palestine. Publication of this database of companies active in these regions has begun to address this lack of access." [said Kathy Mulvey, director of EIRIS Conflict Risk Network]...In Crimea, the database contains 27 publicly-listed companies (companies with stocks and/or bonds) that are open for business, 20 that have closed due to international sanctions, and 25 that have been nationalized since the occupation...In Palestine, the database contains 80 publicly-listed companies in settlements and 70 publicly-listed companies in non-settlement areas...[Refers to Coca-Cola Company, Daimler, Expedia, Hewlett-Packard, Priceline Group and Yum! Brands]