Galway Bay fm newsroom - A Galway TD says it's vital that the Government ensures the IFSC in Dublin is not used by Russia for the purposes of "sanction-busting".
Deputy Mairead Farrell has raised the matter in the Dáil during a debate on the ongoing Russian invasion of Ukraine.
She said it's no secret that the International Financial Services Centre is a major offshore centre for people linked to Russian President Vladimir Putin.
She named a number of major oligarch-controlled Russian entities, which she claimed have 'special purpose vehicles' in the IFSC that have no employees, offices, or fixed assets.
Deputy Farell also noted they pay no tax - and claimed between 2005 and 2017, they funnelled €118bn from the IFSC to Russia.
Sinn Fein Deputy Farrell said it's great to see EU solidarity - but accountability must start at home.
