Luxembourg will not renew its approval for the sale of Israel Bonds in the European Union, the country’s finance minister has confirmed.

In an interview with broadcaster RTL, Gilles Roth said the decision had been taken solely by the CSSF, Luxembourg's financial regulator, which he said had decided two months ago not to extend the bond programme beyond its 31 August expiry date.

Campaign groups in Luxembourg and across the EU have long called for Israel Bond sales to European investors to be stopped. As previously reported by Middle East Eye, they say the programme, which raises billions of dollars for the Israeli government, has helped fund Israel’s wars in Gaza, Lebanon and Iran.

Roth defended the CSSF against criticism, arguing that the regulator had followed European criteria throughout and that many of the accusations levelled at it were unwarranted. The discontinuation, he insisted, was a matter of regulatory compliance rather than political pressure.

That account, however, sits awkwardly within the chronology of recent events.

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