Two Swedish banks finance nuclear weapons
Thursday, 10 October 2013
Swedish banks, SEB and Handelsbanken are said to have provided
financing for nuclear industry by presenting themselves as favourable
lenders to new investments.
Radio Sweden reports that Cecilia Widebäck West, sustainability manager
at SEB Bank has taken a first step away from involvement with nuclear
The business has to do with large sums - 314 billion dollars and that
some 300 banks around the world are investing in the nuclear industry,
according to the report that anti-nuclear organization ICAN and Swedish
physicians against nuclear weapons presents today, reports radio Sweden.
The black, according to radio Sweden are major Swedish bank
Handelsbanken and SEB which have provided loans in the billions to
companies that are involved in developing nuclear weapons.
“Nuclear weapons are inhumane weapons,” says Susi Snyder, one of the
report authors and by highlighting the banks' financial links to the
nuclear industry, the authors hope to stimulate debate.
Nuclear weapons, unlike chemical or biological weapons are not banned
by international law. But there are according to Susi Snyder pressure
on the issue, and she hopes that bank customers should start putting
pressure on their banks and asked if their deposits in them are used
for such purposes.
Handelsbanken would not comment on the report. SEB has however been in
talks with the authors about the bank's financial involvement in the
Sweden and its relationship with the lucrative arms industry have been
extremely cosy for a while now - there for this should not be a new
issue. They are involved in the production and sale of arms or military
hardware to whoever, all over the place.
Rough states such as dictators in the Middle East and elsewhere have
been identified as fervent customers thus, who really find this news
By Scancomark.com Team
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