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:
It would be interesting to quantify that, but all we can say from looking at the data is that banks that have raised funds on the Irish market have also indicated they provide funds to the Russian military. In fact, one bank that raised funds on the Irish market, whose name I cannot recall off the top of my head, was specifically tasked with providing funds to the Russian military. It is difficult to know exactly how much of the funds ended up with the Russian military and how much were used for other purposes.
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