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

Photo of Jim O'CallaghanJim O'Callaghan (Dublin Bay South, Fianna Fail) | Oireachtas source

Even if we manage to freeze sanctioned Russian assets, Dr. Stewart made a very interesting point in his paper about confiscation. Obviously confiscation is distinct from freezing. I noticed he referred to a draft directive of the European Commission. Are there rules in place dealing with the confiscation of frozen assets or is it simply that they are frozen and nothing further happens?

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