Full coverage: Sanctions

XTX Markets, the British trading firm led by Alex Gerko, wanted to subscribe to an Irish fund run by Aviva. However, it was rejected due to the economic sanctions placed on Russia after its invasion of Ukraine. The decision has triggered legal action.

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.

The proposed sanctions come as the bloc is under increasing pressure from Ukraine to boost its military support. But could it just harden Russia’s position?

US officials approached Ireland about joining an initiative on spyware just as the US was preparing sanctions against Irish-registered firm Intellexa.

Liquidators were appointed last May to GTLK Europe, an Irish-based subsidiary of sanctioned Russian transport leasing giant JSC GTLK. They are now claiming insurance cover on 37 jets stuck in the Russian Federation.

Touted as the largest wind up in the history of the state, the multi-billion euro assets of GTLK Europe are in reality far more nebulous. The liquidators have an upward battle to recover for bondholders.

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.

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.