Monday September 21, 2020

How Russian firms funnelled €100bn through Dublin

125 Russian-linked companies raise €103 billion through IFSC; some entities linked to embargoed and sanctioned companies

4th March, 2018
3

More than €100 billion has been funnelled through the IFSC to Russian companies since 2007, including entities linked to major state-backed companies and individuals, some of which are the subject of European sanctions.

New research from Trinity College Dublin and published today by The Sunday Business Post shows that in total, 125 Russian-linked companies raised €103 billion in Ireland during the period 2007-2015 utilising the so-called Section 110 tax structure, which first attracted controversy after it...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

The state’s National Cyber Security Centre is constantly dealing with suspected attacks and urgently needs more resources

Michael Brennan | 6 days ago

We are far less reliant on the UK as a trading partner now than in previous decades — our focus needs to switch to the many challenges and opportunities of the future

Neale Richmond | 1 week ago

Covid-19 and an economic crisis are exacerbating the trauma of this month’s explosion, writes a Concern worker on the ground

Dom Hunt | 1 month ago