Caught in the crossfire: Rescue efforts underway as sanctions loom on oligarch’s Irish refinery | Business Post

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Caught in the crossfire: Rescue efforts underway as sanctions loom on oligarch’s Irish refinery – peterodwyer1 reports.

The Aughinish plant in Askeaton, Co Limerick: Oleg Deripaska, billionaire and president of Rusal, is feeling the heat from sanctions. Picture: Shutterstock

The letter that landed on Mitch McConnell’s desk in late 2018 setting out the US Treasury’s rationale for lifting sanctions on Oleg Deripaska, the Russian oligarch, contained a warning that was of particular interest to Ireland. In its correspondence, the Treasury’s powerful Office of Foreign Assets Control advised McConnell, the US Senate majority leader, that concessions around the billionaire industrialist’s ownership and control of his energy and commodities empire had been...

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peterodwyer1 .... sitting on the fence ...

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