Luxembourg will not renew approval for Israeli war bonds, finance minister confirms Submitted by MEE staff on Fri, 07/24/2026 - 11:33 Decision means Israel Bonds will lose their only EU regulatory home – unless another member state agrees to step in Luxembourg's Finance Minister Gilles Roth said the country's financial regulator had decided not to extend the sale of Israel Bonds (X) Off Luxembourg will not renew its approval for the sale of Israel Bonds in the European Union, the country’s finance minister has confirmed. In an interview with broadcaster RTL, Gilles Roth said the decision had been taken solely by the CSSF, Luxembourg's financial regulator, which he said had decided two months ago not to extend the bond programme beyond its 31 August expiry date. Campaign groups in Luxembourg and across the EU have long called for Israel Bond sales to European investors to be stopped.
As previously reported by Middle East Eye, they say the programme, which raises billions of dollars for the Israeli government, has helped fund Israel’s wars in Gaza, Lebanon and Iran. Roth defended the CSSF against criticism, arguing that the regulator had followed European criteria throughout and that many of the accusations levelled at it were unwarranted. The discontinuation, he insisted, was a matter of regulatory compliance rather than political pressure.
That account, however, sits awkwardly within the chronology of recent events. (adsbygoogle = window.adsbygoogle || []).push({}); A decision taken two months ago by the CSSF would place it in May, at the height of a legal and political campaign against the bonds – and campaigners who spent months being told the government had no power to act will note that the outcome matches precisely what they were demanding. The confirmation also follows a public statement issued by Amnesty International on 21 July warning that Luxembourg and all EU member states must stop the sale of Israel bonds or risk complicity in Israel’s genocide against Palestinians in Gaza.
Unless another member state now agrees to take on the programme, the bonds can no longer be sold to investors across the EU. Israel Bonds are issued through the US-registered Development Corporation for Israel (DCI) and marketed with the slogan "Stand with Israel. They are not ordinary bonds, like those issued by the Israeli govern…
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