They say their insurance policies were meant to pay out in 90 days for aeroplanes lost by acts of war. Yet nearly a year after Russia's full-scale invasion of Ukraine, some of the world's largest aircraft lessors are fighting tooth and nail for compensation.
Four Cypriot-registered companies say they have been left in limbo over a €130 million charter deal with the Irish-registered but Russian-owned leasing company GTLK Europe.
When European sanctions hit aircraft leasing companies’ Russian contracts, they stood to lose everything. Co-ordinated industry and diplomatic lobbying resulted in their insurers being on the hook instead, new documents reveal.
Following recent missed payments on debts totalling $2.75 billion, bondholders including a British investment firm with Irish connections are considering their options against GTLK Europe.
Oleh Derevianko has been at the frontier of Russia's cyber warfare against Ukraine for years. His company's defences are holding off Russia's hackers for now, but the major concern is what malware could already have been planted and is waiting to strike in this hybrid war.
Germans retain a vivid idea of what Total War actually means and the remnants of this occasionally re-appear. But are the country's conversations about Russia's war against Ukraine leading to a clarity absent in Ireland?
The government has been looking at a number of options for Aughinish Alumina’s extraction plant in Limerick. One of those options involves nationalising the plant, a move designed to secure 400 jobs.
As multinationals flee Moscow in the wake of the invasion of Ukraine, the Irish food giant argues it still has unspecified “legal obligations” in Russia and Belarus.
Johnny O'Reilly reports from Kyiv and from Irpin, the town just outside Ukraine's capital which was the scene of some of the most harrowing images from the war as Ukrainians consider what comes next.
We can often mistake inflation for what is, in reality, profiteering. And with the ERSI forecasting a 8.5% spike in inflation, the government must tackle those who use it as an opportunity to gouge on prices.
© 2023 Currency Media Limited