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Full coverage: Russia

“The situation in African countries where they feel they can’t rely on the West means they’re hedging their bets”

The food insecurity triggered by Russia's invasion of Ukraine will cause deep problems in Africa, where nearly half of the continent depends on Russia and Ukraine for food staples. Africa is already a new front in a new Cold War.

Ed Brophy
12th Mar, 2022 - 4 min read

Commodity shock – What Russia’s war means for commodity prices

Commodity prices are rising and they are going to continue to rise over the coming months. Forward-looking Western governments should secure whatever critical supplies they need sooner rather than later – in this situation, it is better to panic early than to panic when it is too late.

Peter Kinsella
9th Mar, 2022 - 5 min read

Accountancy giants are cutting ties with Moscow. Will this extend to the books they watch for Russian firms in Ireland?

EY and Grant Thornton are the registered auditors of Irish companies channelling multi-billion-dollar Russian interests, now targeted by international sanctions. They are severing ties with partner firms in Russia, but what will happen in Ireland is less clear.

Thomas Hubert
8th Mar, 2022 - 5 min read

Bill Browder: Why did Ireland ignore the dirty money laundered here following the murder of Sergei Magnitsky?

Bill Browder's crusade against Vladimir Putin's kleptocracy has been relentless and fearless. As the world finally pays attention, he talks about his journey from financier to campaigner and Ireland’s role facilitating Russian money.

Rosanna Cooney
5th Mar, 2022 - 11 min read

Moscow and the IFSC: What are the €50bn Russian assets held in Ireland and who owns them?

The Central Bank has calculated the Russian exposure of the Irish financial system. While the headline number is huge, it largely represents funds transiting through Dublin from overseas investors – including Russians themselves.

Thomas Hubert
4th Mar, 2022 - 4 min read

Russia, the IFSC and sanctions: How multi-billion-euro assets located in Ireland became a target

The invasion of Ukraine has triggered fresh economic sanctions against Russian interests. When it comes to moving money around the world, Ireland has become a hub of choice for companies and individuals based in Russia.

Thomas Hubert
4th Mar, 2022 - 3 min read

Moscow and the IFSC: Russia’s largest bank forced into emergency landing at Irish aircraft leasing operation

As it pulls out of European banking markets, state-owned Sberbank is also unwinding finance arrangements for dozens of airliners leased to Russian clients out of a business park in Co Kildare.

Thomas Hubert
3rd Mar, 2022 - 3 min read

War-time sanctions have finally exposed the extent of Russian money in the IFSC

The Currency has tracked €13 billion domiciled in the IFSC by sanctioned Russian firms and their subsidiaries. This money is now frozen but the Irish government is about to feel the heat over its light-touch financial regulation and willingness to look away.

Rosanna Cooney
2nd Mar, 2022 - 4 min read

Sanctioned Russian bankers resign from board of O’Brien-advised firm

Mikhail Fridman and Petr Aven, two “oligarchs” just added to the EU’s Russian sanctions list, are co-founders and shareholders of the LetterOne international investment vehicle that has Denis O’Brien on its technology advisory board.

Thomas Hubert
1st Mar, 2022 - 3 min read

Moscow and the IFSC: Expanding sanctions reveal more billion-dollar Russian assets housed in Dublin

A bank newly added to the US sanctions list raised the latest of $1.2bn in bonds in Dublin just three months ago. Meanwhile, restrictions on aircraft leasing are rattling the Irish-centred global industry.

Thomas Hubert
28th Feb, 2022 - 7 min read
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