The sweeping sanctions announced by the EU and the US in response to the invasion of Ukraine will shine a spotlight on the activities of Russian-backed but Irish-registered and domiciled companies. Picture: Getty
Back in early 2019, a top London law firm prepared a post-Brexit plan for one of the many banks that would have to leave the city to ensure it could continue to serve its European clients. VTB, one of Russia’s largest financial institutions and 60 per cent state-controlled, needed to be certain its important commodities trading arm could access the European Union.Subscribe from just €1 for the first month!
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