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:

The Limerick firm is just a regular firm. It is owned by a Russian oligarch who has been subject to sanction. The Government has been in some negotiation with the Commission about how it may continue to operate because there are now more jobs involved. One can see that the assets of the Limerick farm are relatively small. It had €400 million for 2020 but it has most employees. Most of the assets are very large but there are very few or almost no employees.

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