West Bank (IP) - Norway’s largest pension fund said it has divested itself of 16 companies that operate in Israeli settlements in the occupied West Bank.

Iran PressMiddle East: According to Associated Press, Oslo-based KLP, which manages more than 300 billion kroner ($35 billion), said that after attempting to talk with the companies, it sold shares and bonds valued at 275 million kroner ($32 million).

“There is an unacceptable risk that the excluded companies will contribute to the violation of human rights in war and conflict situations through their connection to the Israeli settlements in the occupied West Bank,” senior analyst Kiran Aziz said in a statement Monday.

All 16 companies appeared on a list published by the United Nations last year of 112 companies it said were complicit in violating the human rights of Palestinians by operating in the West Bank.

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