Friday May 29, 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

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...

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