‘Recovering Quinns’ Russian assets may help trade relations’

Ireland’s ambassador to Russia, Philip McDonagh, said recovering assets related to the Quinn family may help trade relations between the two nations.

Four months ago, IBRC, formerly Anglo, which has since been liquidated, said it was starting a joint venture with A1, a unit of billionaire Mikhail Fridman’s Alfa Group, to recoup property assets in Russia and Ukraine accumulated by the Quinn family.

Mr McDonagh said recovering the assets is of “paramount importance” and A1 president Mikhail Khabarov said he was “confident” it could be done.