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Front - Globes

Thu: Insurance, energy stocks lead rise "Israel can be a window to the Mediterranean" India signs $1.1b IAI tanker aircraft deal - report Indian co KPIT to acquire Israeli startup Cymotive Strengthening shekel nears NIS 2.90/$ threshold Wizz Air Israel hub talks break down Sakal makes shock bid to buy ZIM Israeli defense-tech co Kela raising $200m at $1.2b valuation Tue: Insurance stocks lead TASE higher Israel’s most expensive home up for sale TASE readying for big wave of IPOs this month AI ecommerce co ZyG raises $60m at $500m valuation Canadian real estate co Almadev plans TASE IPO Cisco to acquire Israeli co Astrix Security Rafael close to buying VW plant Mon: Nice lifts TASE to new record Israeli startup BridgeWise teams with Elon Musk�s X Leumi Partners invests NIS 200m in Landora Ministers approve two new combat aircraft squadrons Fri: Main indices rise, Tower surges Beilinson Hospital receives record donation for cancer research Thu: Main indices edge higher Keystone joining Hot Mobile acquisition Mekorot teams with nT-Tao on nuclear fusion Lufthansa Group suspends Israel flights until June Check Point disappoints on revenue, beats on profit SuperPlay earnout payments weigh on Playtika Tel Aviv Park HaMesila penthouse sells for NIS 55m Israeli credit card players eye potential of Wizz Air loyalty club Elon Musk to visit Israel next month Wed: Strong Teva gains lift TASE Aidoc raises $150m to prevent diagnostic errors Banks' efficiency drives spark worker unrest Teva acquires Emalex Biosciences for up to $900m Gasoline prices to rise again Thursday night Deputy budget commissioner warns on �trauma economy� Tue: Chip stocks fall sharply Israel drops key demand on Wizz Air hub Gedera house sells for NIS 5.53m Huge Crusoe Afula deal boosts Israel’s data centers sector Quantum Art extends Series A financing to $140m "Globes" poll of polls shows Beyachad brings opposition no gain Mon: TASE opens week lower Nvidia leases space for labs in Rishon Lezion Shekel-sterling rate heading below NIS 4/£ Shapir mulls buying control of Ashdod Refinery for NIS 1b Banks ask court to declare Nochi Dankner bankrupt Strong semiconductor sentiment boosts Ceva Yair Lapid and Naftali Bennett merge parties Supreme Court orders financial sanctions for draft evaders Israeli tech employees hold stock options worth NIS 150b Home price gap narrows between Tel Aviv and nearby cities Meta to lay off 100 employees in Israel Fri: Banks weaken, Intel results lift Camtek EU regulator extends advisory not to fly to Israel Lyft buys Gett's London taxi-hailing operation Thu: Energy stocks surge, Tower slides Mobileye up sharply after beating analysts on Q1 Cyera buys Israeli startup Ryft for over $100m Israir to launch Israel-US flights in summer Ondas Israel unit to protect World Cup venues from drones Elbit awarded $200m IDF airborne munitions deal Study: IDF Talpiot program excels in producing entrepreneurs Israel's population grew 1.4% over past year Mon: Teva, Enlight boost TASE Ondas wins $10m tender to clear mines in Israel Ramat Gan house sells for NIS 8.4m Is it time to buy dollars? Petition revives threat to Israel-EU trade El Al to launch subsidized Tel Aviv - Buenos Aires flights AWS extends Ichilov AI medical collaboration Elbit drones to undergo Canadian trials - report Activist investors seek to oust Radcom board Two-minute EV charging coming to Israel Businessman buys 5 Tel Aviv apartments in Dou project Fri: Construction sector powers rise Mega Or buys Alliance Tire site in Hadera for NIS 1b cash El Al orders six more Dreamliners Thu: Big banks, Elbit lead falls Gov't Cos Authority recommends splitting NTA Nofar Energy plans to dual list on Nasdaq New immigrants buy Tel Aviv seafront home for NIS 70m Shekel’s strength hits Israelis investing in US Israel’s enhanced F-35s performed impressively in Iran war ZIM CEO Eli Glickman quits over failed bid eToro buys Israeli startup Zengo for $70m Israel’s CPI rose 0.4% in March Strong shekel wipes out sovereign wealth fund returns Shekel-dollar rate dips below NIS 3/$ Apartment overlooking Jerusalem's Old City sells for NIS 66.3m Hamburger family sells Harel shares for NIS 1.2b AlphaDrive Ventures launches $100m cybersecurity VC fund Yossi Abu steps down as NewMed Energy CEO Surround Ventures completes first closing of second fund Fortissimo sells 35% Sugat stake for NIS 430m Institutions' hedging changes lie behind shekel's strength EDF closes financing for Israel’s biggest solar energy field Check Point slumps on lower guidance Israeli startups raised $1.3b in April Turpaz buys US co in largest ever acquisition
Israel cuts ties with EU�s top diplomat
Assaf Uni · 2026-06-18 · via Front - Globes

Minister of Foreign Affairs Gideon Sa'ar announced today that Israel is immediately cutting ties with the EU's foreign policy chief, Kaja Kallas.

Israel’s Minister of Foreign Affairs Gideon Sa'ar announced today that Israel is immediately cutting ties with the EU's foreign policy chief, Kaja Kallas.

Kallas, a former Estonian prime minister, has been Vice President of the European Commission and the EU High Representative of Foreign Affairs for about 30 months and is the EU's foreign minister. So far, she has demonstrated a correct approach toward Israel, balancing disagreement within the EU regarding Israel, with one bloc of countries supporting Jerusalem facing a pro-Palestinian axis that wants to use relations to pressure Israel to change its policy. But now Israeli officials say that Kallas has been working on the issue mainly behind the scenes and insists on repeatedly re-raising critical proposals against Israel at the EU Foreign Ministers' Forum and other forums.

The latest crisis is based on an unverified report on the Euractiv news website, in which Kallas, during a closed conversation with diplomats in Mexico, compared Israel's policy in the territories to apartheid policy in South Africa. According to the report, she made the remarks at a summit in Mexico City in late May, in closed conversations with Mexican diplomats. She recalled an emotional visit she made to the Apartheid Museum in Johannesburg last year and compared the regime in South Africa at the time to the situation in the territories today.

"Obsession and blatant unfairness"

In today's unexpected announcement, Sa’ar wrote: "Ms. Kaia Kallas, the High Representative of the European Union for Foreign Affairs and Security Policy, has been acting obsessively and with blatant unfairness against the State of Israel for some time. It was recently widely reported that during her visit to Mexico she compared Israel to the racist apartheid regime that prevailed in South Africa. I thank the many European elected representatives who expressed reservations and condemned these serious things. However, so far, Kallas has refrained from any denial, response or comment on her behalf regarding these things. Therefore, as the Foreign Minister of the State of Israel, I have no choice but to sever all ties with Mrs. Kallas, until she does not repeat the blood libel she inflicted on the only Jewish state that is also the only democracy in the Middle East."

Kallas has so far appeared to be a neutral party, presenting the common position of the EU, which is deeply divided on the issue of Israel. She put forward a series of proposals to sever trade ties with Israel during the EU foreign ministers' summits and later informed them that they had been rejected. In recent weeks, the EU has stepped up its actions against Jewish settlements in Judea and Samaria, where it has found consensus among its members. EU countries have unanimously decided to impose sanctions on organizations that work to promote settlements, as well as on several prominent figures in them. The EU is currently considering imposing a ban on trade with settlements.

Kallas published a response suggesting continuing the dialogue and maintaining diplomatic channels: "Dear Gideon, as you know, the EU and Israel have a lot that binds us. I value our dialogue and engagement, and I am open to continue in that spirit, respectfully and constructively. Dialogue is the foundation of diplomacy, especially when differences arise. The EU is always committed to a constructive relationship with Israel. To bring peace to the Middle East, the Two-State Solution remains the only viable path. The EU has condemned the illegal Israeli settlements in the West Bank that make it increasingly difficult to get to that goal. That is the EU position."

Published by Globes, Israel business news - en.globes.co.il - on June 18, 2026.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2026. "