Oireachtas Joint and Select Committees

Wednesday, 23 March 2022

Committee on Budgetary Oversight

Pre-Stability Programme Update Scrutiny (Resumed): Central Bank of Ireland

Dr. Mark Cassidy:

We have estimates. The main exposure to Russian money would relate to financial vehicles called special purpose vehicles. They are not related to the domestic economy in that they flow between Russian financial entities. Our estimates are that these special purpose entities hold around €37.1 billion of Russian-issued assets.