“We are at the ready”: Inside the Government’s joint battle with AerCap to salvage Russia insurance cover
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.
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.
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.
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.
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.
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.
Banks, cruise ships and over 100 aircraft: The Irish-based Russian assets under threat from escalating sanctions
Retaliation against Moscow’s aggression in Ukraine eight years ago curbed widespread use of the IFSC by Russian firms, but many have continued to channel billions of euro in assets through Dublin. How will Tuesday’s sanctions affect them?