Written answers
Wednesday, 18 April 2018
Department of Jobs, Enterprise and Innovation
Company Law
Catherine Connolly (Galway West, Independent)
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111. To ask the Minister for Jobs, Enterprise and Innovation the likely impact of the recently announced US Treasury sanctions against Russian oligarchs for both Irish and overseas companies operating here; and if she will make a statement on the matter. [16873/18]
Catherine Connolly (Galway West, Independent)
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112. To ask the Minister for Jobs, Enterprise and Innovation the likely impact of the recently announced US Treasury sanctions against a person (details supplied) on a business; and if she will make a statement on the matter. [16874/18]
Heather Humphreys (Cavan-Monaghan, Fine Gael)
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I propose to take Questions Nos. 111 and 112 together.
The Government is currently working to determine the extent to which the recent sanctions announced by the US Government will impact on companies operating in Ireland. It is very much aware of the risk, in particular, for Aughinish Aluminia. I have already spoken directly with the company's CEO about the situation and the Taoiseach met with its senior management in Limerick last week. The IDA has also been in regular contact with the firm since details of the sanctions first emerged.
This though remains a fluid situation, with businesses still assessing their own respective potential legal and commercial exposure.
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