Ireland needs to 'play its part' in enforcing sanctions on oligarchs

In April, the worth of Russian assets that have been frozen by Ireland under these sanctions reached €1bn

The EU issued a range of sanctions in response to the invasion of Ukraine, with the aim of financially paralysing businessmen, politicians, and officials linked to Vladimir Putin. File picture: Mikhail Klimentyev via AP

The Central Bank has written to Irish business representatives to remind them how “vitally important” it is that Ireland implement the financial sanctions that were introduced after Russia invaded Ukraine.

The letter by the Central Bank was sent to The Law Society, The Bar of Ireland, individual Chambers of Commerce, Small Firms Association, IBEC, Enterprise Ireland, IDA, Citizens Information Board, ACCA, Chartered Accountants Ireland, Chartered Institute of Logistics and Transport Ireland, Irish Congress of Trade Unions, Women's Network Ireland and the National Ploughing Association.