The Louth-based company was pursuing a case against Siam Aero over $820,000 stolen by hackers who intercepted its email exchanges with the Thai dealer.
David O’Sullivan oversees how EU sanctions against Russia are devised. He speaks to The Currency about dealing with sanctions evasion and recent controversy with Aughinish Alumina.
U.S. and allies turn to tech, patrols and new routes to defend crucial underwater infrastructure against Russia and China, writes Mike Cherney, The Wall Street Journal.
Eighteen member states were reprimanded last year for delays in transposing the sanctions directive. Since then, several countries have moved ahead but Ireland lags behind.
Moscow wants to emulate China’s WeChat by having a one-stop app to dominate the internet and lock Western rivals out, write Matthew Luxmoore and Milàn Czerny, The Wall Street Journal.
Sanctioned Russian businessman Viktor Vekselberg almost scuttled a major deal for the Irish-headquartered oil-and-gas explorer this week in a courtroom in Vancouver.
The UK’s Supreme Court ruled against the Irish aircraft lessors in favour of the bank in a dispute over interest linked to letters of credit and planes stuck in Russia.
Oleg Boyko loaned $5m to the Irish arm of fintech firm E21 but the company argues sanctions prevent repayment. Legal proceedings are playing out in the UK and US.
The lessor is being liquidated in Ireland after sanctions floored its business in 2022 but it is still going through several cases in other countries where it requires licences from authorities.
Thai aircraft parts dealer Siam Aero Repair Co Ltd has been sanctioned in the UK for alleged trade with Russia in its war effort. It is in the midst of a court battle with an Irish company.
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