Headlines
Spain probes steelmaker for breaching Israel sales ban
Published by Global Banking and Finance Review
Posted on October 24, 2025
2 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on October 24, 2025
2 min readLast updated: January 21, 2026
Spain's High Court investigates Sidenor for allegedly selling steel to Israel, violating a sales ban. The probe involves Sidenor's CEO and highlights Spain's stance on Israel's actions in Gaza.
MADRID (Reuters) -Spain's High Court is investigating privately-owned steelmaker Sidenor for allegedly selling steel to an Israeli firm for the purpose of making weapons, it said on Friday, in one of the first potential legal consequences of Spain's ban on such deals.
Judge Francisco de Jorge is leading the investigation targeting Sidenor's CEO Jose Antonio Jainaga Gomez and two other executives for alleged smuggling and complicity in crimes against humanity or genocide, according to the statement.
They were summoned to testify on November 12.
The court said Sidenor sold steel to Israel Military Industries, a subsidiary of Elbit Systems, in a deal allegedly conducted without government authorisation or proper registry.
The executives "went ahead with the deal with full knowledge that (the firm) was a manufacturer of both heavy and light weapons, and that the material sold was to be used for the manufacture of weapons," the High Court said.
Sidenor did not immediately respond to a request for comment. Elbit Systems declined to comment.
The investigation stems from a complaint filed in July by the association of the Palestinian community of the region of Catalonia.
Spain, which recognised a Palestinian state last year, has been a vocal critic of Israel's actions in Gaza, qualifying them as genocide on multiple occasions, an accusation the Israeli government rejects.
Seeking to pressure Israel to end its Gaza offensive, in September Spain banned ships and aircraft carrying weapons or jet fuel to Israel from calling at Spanish ports or entering its airspace. And it reinforced a prohibition barring Spanish firms from selling arms and materials used to make them to Israel.
It has maintained the restrictions even after a fragile ceasefire came into force in Gaza on October 10 under a deal brokered by Washington.
(Reporting by Emma Pinedo and David Latona. Additional reporting by Emily Rose in Jerusalem; Editing by Andrei Khalip and Joe Bavier)
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