Tuesday, 22 November 2022
Report of Committee of Selection: Motion
Taoiseach's Meetings and Engagements
On the reference to Ukraine by Deputy Bacik, that would be more immediate than the Magnitsky legislation. I discussed the matter with the Minister for Justice. The view was that the Bill, as tabled, would have no real effect. The Prime Minister of Estonia first mooted the idea of confiscating Russian foreign reserves in respect of rebuilding Ukraine. There is a lot of merit in that proposal, and we support such a measure because the damage done to Ukraine by Russia is enormous in terms of economics and the destruction of housing and residential blocks, factories, the public realm and buildings. The costs run into the billions. Russia needs to know it will have to pay for a lot of the reconstruction of Ukraine. That is a very important principle. It is quite complex from a legal perspective and the matter remains to be worked out. I will speak to the Minister again in respect of the proposed legislation the Deputy's party colleague, Deputy Howlin, brought before the House.
On the solidarity tax, it will include the Corrib field. Did Deputy Bacik raise that matter?