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    Home > Finance > Irish attorney general raises concerns on sanctioning services in Israeli settlements
    Finance

    Irish attorney general raises concerns on sanctioning services in Israeli settlements

    Published by Global Banking & Finance Review®

    Posted on February 5, 2026

    2 min read

    Last updated: February 5, 2026

    Irish attorney general raises concerns on sanctioning services in Israeli settlements - Finance news and analysis from Global Banking & Finance Review
    Tags:trade securitiesfinancial marketsinternational organizations

    Quick Summary

    Ireland's attorney general questions extending trade sanctions on Israeli settlements to services, impacting multinational companies.

    Table of Contents

    • Legal and Practical Issues of Trade Sanctions
    • Concerns Raised by the Attorney General
    • Impact on Multinational Companies
    • EU's Position on Trade with Israeli Settlements

    Irish attorney general raises concerns on sanctioning services in Israeli set...

    Legal and Practical Issues of Trade Sanctions

    DUBLIN, Feb 5 (Reuters) - Ireland's top government lawyer has raised several "significant" legal and practical issues in long-awaited advice on whether planned curbs on trade with Israeli settlements should be extended to services, a junior minister said on Thursday.

    Ireland has been preparing a law to curb trade with settlements in the Israeli-occupied West Bank, facing pressure at home to widen the scope of the ban from goods to services, while Israel and the United States want the bill scrapped.

    Ireland has been one of the European Union's most outspoken critics of Israel's assault in Gaza. But sources told Reuters last October that the bill was set to be limited to goods after lobbying by U.S. businesses based in the country.

    Concerns Raised by the Attorney General

    "The advice, which is detailed and extensive, identifies a number of significant legal and practical issues with the regulation by a member state of trade in services with a country or territory outside the EU," Neale Richmond, a junior minister at the department of foreign affairs, told parliament.

    "Following detailed consideration by officials in the department, clarification has been sought from the Attorney General on a number of legal issues... Any legislation must be legally robust (and) able to withstand challenge."

    Impact on Multinational Companies

    Dublin first committed to introducing legislation in October 2024. Ministers have for months blamed delays in progressing the bill on the need to await the attorney general's advice on the inclusion of services.

    Limiting the bill to goods only would catch just a handful of products imported from Israeli-occupied territories such as fruit that are worth just 200,000 euros ($234,660) a year.

    Adding services could entangle multinational companies in technology and other industries in Ireland doing business in Israel. Richmond reiterated concerns by other ministers that including services would be "considerably more complex".

    EU's Position on Trade with Israeli Settlements

    Within the EU, Slovenia, Spain, the Netherlands and Belgium all followed Ireland in either committing to or introducing bans on trade with Israeli-occupied Palestinian territories.

    (Reporting by Padraic HalpinEditing by Gareth Jones)

    Key Takeaways

    • •Ireland's attorney general raises legal concerns on trade sanctions.
    • •The focus is on extending sanctions from goods to services.
    • •The bill could impact multinational companies in Ireland.
    • •Ireland is one of the EU's critics of Israel's actions in Gaza.
    • •Other EU countries are also considering similar trade bans.

    Frequently Asked Questions about Irish attorney general raises concerns on sanctioning services in Israeli settlements

    1What is a multinational company?

    A multinational company is a corporation that operates in multiple countries, managing production or delivering services in more than one nation.

    2What is the European Union's stance on trade?

    The European Union promotes free trade among its member states while also implementing regulations and policies that can restrict trade with certain countries.

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