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
Thomas Byrne (Meath East, Fianna Fail) | Oireachtas source
I will respond later with an answer on that point. What I will say is that the list is really a list of companies, entities and individuals that are sanctioned. It is an extremely long list of those covered by all the various sanctions packages, and it will have changed week by week as those sanctions have been put in place.
The International Financial Services Centre is not exempt from sanctions. If a company is sanctioned it cannot do business there. To date, as of last Friday, the European Commission was notified by Ireland of the freezing of just under $1 billion or $919 million, and just over €18 million, in the IFSC, but work continues to go on. The Central Bank and the Minister for Finance deal with that directly.
No comments