While the truculent billionaire sparred with Poland over how Starlink’s satellites are funded in Ukraine, the company has tripled revenues for Europe, all booked through Ireland.
This week has seen the US set the European agenda, giving its Nato allies a choice between a real war or a trade war.
All pieces of the puzzle have just fallen into place to fund the Ukrainian war effort for another while, the top US diplomat in Europe explained in Dublin.
Workers at Ukraine’s largest agribusiness have been sent to the front, its stores bombed and its exports to the EU criticised by politicians and protesting farmers. Its executive chairman John Rich takes inspiration from the UK’s response to the Blitz.
The multi-billion suit is the biggest commercial action ever to come before the Irish courts. But two months in to the six-month hearing, lawyers for the aircraft lessors fear it could grossly overrun.
The claim for an insurance payout on beached Russian plane and engine assets is made by subsidiaries of the Nasdaq-listed FTAI Aviation. It was previously made before the English courts.
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.
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 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?
Vermilion Energy is suing the Government, arguing its application of the tax will have a “significant commercial impact” and may affect the very basis of how its enterprise is run.
© 2026 Currency Media Limited
