Oireachtas Joint and Select Committees

Wednesday, 30 March 2022

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Engagement with the Central Bank of Ireland

Photo of Gerald NashGerald Nash (Louth, Labour) | Oireachtas source

Very briefly, if I can. Deputy Farrell outlined the value attached to the special purpose entities, SPEs, which have holdings of €37.1 billion worth of Russian-issued assets under management here. Responses I received to parliamentary questions identified 33 Russian-sponsored SPEs. Is Mr. Makhlouf aware of who the beneficial owners of those funds are? Who benefits from them? Are any of the beneficiaries on the sanctions list? It is a matter of public record who is on that list. Is there any connection between those on the sanctions list and those who own and operate those assets, which are based and managed out of Ireland?

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