Boats sail on the Moskva river in central Moscow. The Central Bank has written to a raft of business and professional organisations to remind them of its role in overseeing financial sanctions in the State, and of the responsibility of ever Irish individual in relation to the upholding of EU prohibitions as Russia’s war against Ukraine continues.
“The adoption of sanctions places legally binding obligations on all individuals and entities and we are requesting that business and professional groups would assist in ensuring that their members are aware of these obligations.” The regulator has written to organisations including the Law Society, Bar of Ireland, individual chambers of commerce, IBEC, IDA Ireland, Enterprise Ireland, accountancy bodies, and Irish Congress of Trade Unions.[ The letter states that it is asking the various bodies to ensure all of their members are made aware of available information resources on the matter, including a dedicated Russia/Ukraine Regulations page on the regulators’ website.