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

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

That is fair enough, but Mr. Makhlouf has clarified it now and is very clear that there are either EU sanctions, which is what has happened in the case of Russia, or national restrictive measures here. The Central Bank has made the point that national restrictive measures are another way that can allow it to stop the approval of a prospectus that is facilitating the sale of Israeli war bonds. What would national restrictive measures look like, in Mr. Makhlouf's view? He was asked, for example, to give a view on the legislation. He is well aware restrictions on movement of capital are permitted under exemptions under Article 63 of the treaty, is he not?

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