Ukraine War
Dail Éireann — 2024-01-25
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Micheál Martin (FF), Cork South-Central

To date, Irish financial institutions have frozen about €1.8 billion of Russian funds and those funds relate to listed individuals and entities. The issue of interest or windfall gains that have accrued as a result of the freezing of the assets is now being considered more immediately in respect of the potential to use even the windfall profits from this for the reconstruction of Ukraine. There is a very serious issue here. Countries have to know that others cannot just come in and level a country, bomb its energy and civilian infrastructure, and everybody else picks up the tab afterwards and we carry on as normal. That day is over, in my view. I support this. It was the Estonian Prime Minister who started the ball rolling two years ago. The Deputy is correct that this has to be actively pursued and the EU is pursuing the initial steps with regard to the interest.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2024-01-25/debate/main
Retrieved: 2026-08-14T04:52:35+00:00
Sitting date: 2024-01-25