As it exited Russia, Ingka Group was set to lose multi-hundred-million-euro assets in the form of intercompany loans advanced out of Dublin. Then it cut a deal, only to find itself before a Moscow court.
Yes, sanctions on Russia after its invasion of Ukraine have pushed up European energy prices. But the more you dig, the more you discover that the price surge goes beyond Moscow - and right back to Texas.
Russia has managed to largely get around the sanctions regime because of its vast energy export network and its physical borders with many Asian and Central Asian countries, which are willing to act as conduits for the re-export of goods and services.
For seven days, the world's biggest aircraft lessors laid out their claims to recover losses on planes beached in Russia due to the war in Ukraine. From sanctions to settlements, the defendants will now argue why cover is being denied.
Global aircraft lessors are claiming billions in losses from aircraft detained in Russia following war sanctions. In a legal battle set to last six months, the Commercial Court got a first taste of why major insurers like Lloyds and AIG have declined cover.
The cyber attack on the HSE highlighted the vulnerability of the State’s cybersecurity defences. Ireland's success in attracting multinationals exposes it to significant reputational risk and it is up to the State to put the right protection in place.
The US policy of "my way or the highway" has dramatically failed in the Gulf States as Russia and China become firmly embedded across the Middle East. The long-term consequences for the West are significant.
Last year, LetterOne was forced to cut ties with some of its Russian founders following the invasion of Ukraine. It is now financing one of Ireland’s fastest-growing institutional landlords.
The flight of Western capital from Russia since its invasion of Ukraine has so far been replaced with inflows from other partners led by China. The real threat for Moscow lies in the longer-term effects of shrinking investment.
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.
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