Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Headlines
    3. >Spain probes steelmaker for breaching Israel sales ban
    Headlines

    Spain Probes Steelmaker for Breaching Israel Sales Ban

    Published by Global Banking & Finance Review®

    Posted on October 24, 2025

    2 min read

    Last updated: January 21, 2026

    Add as preferred source on Google
    Spain probes steelmaker for breaching Israel sales ban - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:complianceInternational tradeHuman Rights

    Quick Summary

    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.

    Spain Investigates Sidenor for Alleged Steel Sales to Israel

    Investigation Overview

    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.

    Details of the Allegations

    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.

    Legal and Political Context

    They were summoned to testify on November 12.

    Spain's Stance on Israel

    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.

    Impact on International Relations

    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)

    Table of Contents

    • Investigation Overview
    • Details of the Allegations
    • Legal and Political Context
    • Spain's Stance on Israel
    • Impact on International Relations

    Key Takeaways

    • •Spain's High Court is investigating Sidenor for alleged illegal steel sales to Israel.
    • •The investigation targets Sidenor's CEO and two executives.
    • •Spain banned arms and materials sales to Israel in September.
    • •The case stems from a complaint by the Palestinian community in Catalonia.
    • •Spain has been critical of Israel's actions in Gaza, labeling them as genocide.

    Frequently Asked Questions about Spain probes steelmaker for breaching Israel sales ban

    1What is compliance?

    Compliance refers to the process of ensuring that a company adheres to laws, regulations, and internal policies. It is crucial for maintaining ethical standards and avoiding legal penalties.

    2What is financial regulation?

    Financial regulation encompasses the rules and laws that govern financial institutions and markets. It aims to maintain stability, protect consumers, and prevent financial crimes.

    3
    What are business ethics?

    Business ethics refers to the principles and standards that guide behavior in the business world. It involves making decisions that are not only legal but also morally sound.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Italy tourism minister resigns, obeying PM Meloni
    Italy Tourism Minister Resigns, Obeying PM Meloni
    Image for Swiss prosecutors not involved with Paris probe at bank Edmond de Rothschild
    Swiss Prosecutors Not Involved With Paris Probe at Bank Edmond De Rothschild
    Image for Lost remains of French musketeer d'Artagnan may have been found in Dutch church
    Lost Remains of French Musketeer d'Artagnan May Have Been Found in Dutch Church
    Image for Doctors in England plan six-day strike after government pay offer rejected
    Doctors in England Plan Six-Day Strike After Government Pay Offer Rejected
    Image for Soccer-Man sentenced for racist abuse of England defender Carter
    Soccer-Man Sentenced for Racist Abuse of England Defender Carter
    Image for Netanyahu seeks to avoid snap vote as Iran war gives no boost in polls
    Netanyahu Seeks to Avoid Snap Vote as Iran War Gives No Boost in Polls
    Image for Cyprus has opened discussion with UK over its bases, president says
    Cyprus Has Opened Discussion With UK Over Its Bases, President Says
    Image for Once inspired by Orban, Hungary's Peter Magyar now leads the charge to unseat him
    Once Inspired by Orban, Hungary's Peter Magyar Now Leads the Charge to Unseat Him
    Image for German foreign minister hopes Iran peace talks given chance to work
    German Foreign Minister Hopes Iran Peace Talks Given Chance to Work
    Image for Factbox-What's at stake in Hungary's parliamentary election?
    Factbox-What's at Stake in Hungary's Parliamentary Election?
    Image for Hezbollah chief rejects talks with Israel under fire, vows fighters will continue 'without limits'
    Hezbollah Chief Rejects Talks With Israel Under Fire, Vows Fighters Will Continue 'without Limits'
    Image for Hundreds evacuated after fire hits luxury Paris hotel
    Hundreds Evacuated After Fire Hits Luxury Paris Hotel
    View All Headlines Posts
    Previous Headlines PostRussian Envoy to Meet Witkoff in United States, Media Reports Say
    Next Headlines PostFactbox-UK Tax Options for Finance Minister Reeves in November Budget