Israel raises substantial amounts of money through the sale of Israel bonds – over $7.7bn invested globally in the first two years since October 7, 2023. This money helps Israel fund their genocide in Gaza and their illegal settlements in the Occupied Palestinian Territory (OPT – East Jerusalem, the West Bank and Gaza).

For these bonds to be sold in the European Union, the prospectus for the bonds must be approved each year by a competent authority under the EU Prospectus Regulation. In Ireland, which remains the ‘home’ EU member state for Israel Bonds, its Central Bank (CBI) approved the Israel bond prospectus until September 2025.

Irish Palestine solidarity activists and elected representatives had mounted a concerted campaign to pressurise Irish State institutions to end Ireland’s role in facilitating the sale of Israel bonds in the EU. DiEM25 members active in the Palestine cause called on citizens and residents of the EU to play their part by writing to the CBI Governors. We recognised that this should not be looked at as ‘an Ireland only’ issue, but rather as an EU-wide one.

After this sustained campaign against the CBI’s role in approving the prospectus for Israeli war bonds, Israel moved the process for securing the EU approval of its bond prospectus to Luxembourg. It was announced, on 1 September 2025, that Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), had approved the latest prospectus.

The CSSF’s approval of the Israel bonds prospectus documentation, which lacks crucial information, continues to raise important legal and moral issues.

The legal opinion produced by Law for Palestine makes clear that approving the bond prospectus constitutes prohibited “aid or assistance” because the fungible proceeds enhance Israel’s overall budget, directly supporting its unlawful activities.

It is legally and morally untenable for the EU to enable Israel to raise funds that help to maintain and expand its occupation of Palestinian territory that the International Court of Justice (ICJ) has ruled is illegal, and to undertake a war campaign which the ICJ considers is plausibly genocidal and in which the International Criminal Court deems Israel to have committed crimes against humanity and war crimes.

The fight to stop Israeli bonds being sold in the EU continues. In Luxembourg, Stop Israel Bonds is coordinating a civil campaign to do this. Following international law, their campaign aims to pressure Luxembourg to revoke or refuse the renewal of the Israel bond prospectus, while ensuring that no other European country steps in to replace them.

To do this, regulators must feel intense pressure from citizens in every corner of Europe and therefore, Stop Israel Bonds is asking that we stand with them and urge our networks to take three critical actions:

1. Email the CSSF (It takes only a few clicks): Use the following link. Their tool automatically opens a pre-written email addressed to the CSSF and CCs the Luxembourg Government’s Ministry of Finance; the EU’s Securities Regulator; the Central Bank of Ireland (the ‘home’ EU member state for Israel bonds); and your own country’s national financial regulator. Where your country’s national financial regulator doesn’t accept emails from the public, you will be prompted to use the link to their contact form. (Note: The tool BCCs Stop Israel Bonds so they can track the impact. If users opt-in, they will also add their names to a massive collective demand letter delivered directly to the CSSF governors.)
2. Rally your community: Please share the link above and urge your network to send the email. A coordinated wave of messages is needed from every European nation to show regulators that European citizens refuse to let our local financial markets be used this way.
3. Make some noise online: Follow Stop Israel Bonds on Instagram @stopisraelbonds and share their updates. The more visibility this gets across European borders, the harder it is for regulators to ignore.

We must not allow the EU to be complicit in Israel’s state-sanctioned violence and illegal presence in the OPT, which has continued with impunity for far too long. Acting together, we can make a difference and bring this shameful, illegal and immoral situation to an end. Please act now!

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