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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