Oireachtas Joint and Select Committees

Wednesday, 1 June 2022

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

Use of Section 110 by Russian Firms: Dr. Jim Stewart

Dr. Jim Stewart:

I am aware that there have been some statements about the amount of assets seized but I do not think that was broken down into the kind of firm from which those assets were seized. Looking at the Russian section 110 accounts, I notice that a minority of them have banking facilities within Ireland. Very few of them have cash on their balance sheet. I am not sure whether you can step in to seize flows of funds, dividends or interest being paid. I do not know the answer to the Deputy's question. As far as I am aware, the information is not in the public domain.

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