Swedish tax authority rules sanctioned oligarch Deripaska still controls Rusal, putting Irish alumina plant under EU sanctions
By
Conor Gallagher, Vivienne Clarke, Jack Power
Summary
Swedish tax authorities have ruled that Rusal, the metals giant owning the Aughinish Alumina refinery in Co Limerick, Ireland, remains under the control of sanctioned Russian oligarch Oleg Deripaska. This determination means all of Rusal's European operations, including the Irish plant, should be subject to EU sanctions. The Shannon estuary facility faces threats from EU measures blocking large alumina exports to Russia, amid concerns the material is being used in aluminium production for Russian military equipment in the Ukraine war.
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Key quotes
· 3 pulledSwedish authorities have determined that Rusal, the metals giant that owns the Aughinish Alumina refinery in Co Limerick, remains under the control of sanctioned oligarch Oleg Deripaska.
The ruling from Skatteverket, Sweden's tax authority, states that therefore all of Rusal's operation in Europe, a group that includes the Irish plant, should be subject to EU sanctions.
The Shannon estuary plant is under threat from EU measures to block large exports of alumina to Russia.
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