Oireachtas Joint and Select Committees
Wednesday, 11 June 2025
Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach
Israeli Bond Programme: Central Bank of Ireland
2:00 am
Mr. Gabriel Makhlouf:
I do not think that is correct. The important thing is that EU regulations are designed very deliberately to apply across the whole of the EU. It is not a directive that has to be transposed. These are regulations that are designed to apply across the whole of the European Union. The point I was trying to make in my statement, drawing the distinction with Russia, is that, in the case of Russia, the EU has imposed sanctions which apply automatically. If I was not comprehensive enough, then I was not comprehensive enough.
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