Alan Kelly (Tipperary, Labour) | Oireachtas source

Yesterday, I raised in the Dáil the issue of Ireland being the best small country in the world for Russian oligarchs to channel their money, with €118 billion going through the IFSC since 2007, much of it through section 110 vehicles. On the back of the very worrying and dangerous situation that is developing in our world, I want to ask what we, as legislators, are going to do collectively to deal with Russia as much as we can. Do we need emergency legislation to deal with section 110? Do we need to bring in legislation to deal with the way in which this money is being funnelled? Do we need to bring in legislation to seize assets, either temporarily or, potentially, permanently? Is any of that being considered by the Government as part of a wider European plan whereby we would have to legislate ourselves?

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