Ireland has frozen €1.72bn of Russian assets through sanctions

Ireland has frozen €1.72 billion of assets linked to sanctioned Russian individuals and entities in the wake of the country’s attack on Ukraine in February.

A spokesman for the Department of Foreign Affairs gave the figure to The Irish Times on Tuesday afternoon, saying it was up to date as of last Friday and comes from data reported to it by the Central Bank. Taoiseach Micheál Martin subsequently gave the same information to the Dáil later on Tuesday.

The Central Bank wrote on Monday to a number of business and professional organisations to remind them of its role in overseeing financial sanctions in the State, and of the responsibility of every Irish person to uphold EU prohibitions as Russia’s war against Ukraine continues.

Source: The Irish Times