The genocidal land theft project that operates under the name ‘Israel’ suffered a blow today, as no EU country stepped forward to renew approval of the terror regime’s bonds.
Government bonds essentially function as a loan that the bond purchaser provides to the country that issues the bond. The buyer earns interest on the loan, while the government selling it gets money to spend on whatever it wants. In the case of so-called ‘Israel’ that means cash to plough into occupation, ethnic cleansing, apartheid and its ongoing holocaust in Gaza.
As Al Jazeera points out, at the start of its campaign of mass murder:
…the Israeli government increased its military financing, and Israel Bonds were marketed worldwide as opportunities to “support Israel at War” in the same year. According to Amnesty International, the country raised $4.5bn on international markets through the sale of these bonds between October 2023 and January 2025.
That means, despite being an illegitimate pseudo-state that has been squatting on Palestine for 78 years, nations around the world treated this settler-colony’s government as legitimate and approved its bonds.
Ireland’s disgraceful role in funding genocide
Far from the least guilty among those nations is Ireland, which acted as the main facilitator for the sale of bonds from the Zionist entity from 2021 until 2025. ‘Israel’ chose Ireland to act as the nation that would approve its bond prospectus, essentially a document providing legally required information about the bonds to potential investors.
Irish ministers protested that they were legally unable to avoid fulfilling this role under EU law. However, experts have made it clear that participating in the Zionist genocide economy is a breach of international law. Ireland was certainly playing a major role in that by approving lending to the illegal apartheid entity.
Under massive public pressure, the Central Bank of Ireland (CBI) shifted the bond approval responsibility to Luxembourg in September 2025. Now, a year later, Luxembourg too has decided it doesn’t want blood on its hands by helping so-called ‘Israel’ buy the bullets and bombs it needs to continue its atrocities.
It isn’t yet clear if bond authorising duty has reverted to Ireland, as the Central Bank has refused to comment. However, the flow of funds to the Tel Aviv terror project has clearly been disrupted. The Ireland Palestine Solidarity Campaign (IPSC) highlighted that ‘Israel’s’ own website for info on its bonds currently only says:
Rates, Prospectus and the Final Terms, will be posted at a later date.
Please do not forward any purchases to us until you have access to the new documents and rates.
Disruption to Israel bonds — a step towards ending Zionist impunity
The IPSC has hailed it as a win, with chairperson Zoe Lawlor saying:
Today it appears that no country in the EU is willing to authorise the sale of its genocide-funding Israel Bonds. This disruption to business-as-usual represents a huge victory for the BDS Movement and a significant defeat for Israel. We hope it is another step towards finally ending the impunity Israel has been endowed with by EU governments for its decades of genocide, occupation, apartheid, war crimes, and crimes against humanity.
They too slated the Irish government’s previous failure to act, citing its obligations under the Genocide Convention. They highlighted how the Central Bank of Ireland continued to approve bonds even after the International Court of Justice ruled in January 2024 that provisional measures must be enacted against ‘Israel’.
That ruling required states to take all measures within their power to prevent Zionist criminals from continuing mass murder, yet Ireland’s government and bank did the opposite. They helped to funnel money into the wallet of Netanyahu and his fellow terrorists.
Opposition parties are now demanding the Irish government intervene and ensure Luxembourg’s decision means no return to Ireland’s disgraceful role in aiding the financing of war crimes. Sinn Féin TD Mairéad Farrell said:
This should be an opportunity not only to prevent Ireland’s involvement with Israeli War Bonds, but to end the sale of Israeli War Bonds across the EU entirely.
The Government has been acting powerlessly on this issue for far too long.
I am calling on the Tánaiste and Minister for Finance, Simon Harris, to act before it is too late and ensure the Central Bank plays no role in facilitating Israeli War Bonds.
Featured image via the Canary
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