Oireachtas Joint and Select Committees

Wednesday, 30 March 2022

Joint Oireachtas Committee on European Union Affairs

European Union Response to the War in Ukraine: Discussion

Photo of Thomas ByrneThomas Byrne (Meath East, Fianna Fail) | Oireachtas source

The thing about the list is that there is a list of sanctions imposed on companies and entities, business cannot be done with them and they cannot do business here. Therefore, that is a strong list. Other companies, which are not sanctioned, have also decided to pull out of Russia. Many famous brand name companies, including Irish firms, have pulled out, even though they were not on the list of those sanctions and they were not legally required to do so. Some companies have not done so, but I do not know of any Irish companies - although the Deputy will probably throw some names back at me - that have had the choice to stay and have done so. The vast majority of companies I know of that have not been affected by the sanctions have pulled out of Russia.

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