O'Brien's Links to Oligarch +

[Rat Catcher]

Russian assets in Irish funds; O’Brien’s links to oligarch; and another Dublin hotel to house asylum seekers

Business Today: The best news, analysis and comment from The Irish Times business desk

Wed, Mar 2, 2022, 06:40 Updated: Wed, Mar 2, 2022, 06:45
Ciara Kenny
 
Irish-domiciled funds held almost €13 billion of Russian stocks and bonds as of last September, as the Moscow stock market peaked at a record high, according to Central Bank sources. While Russian assets accounted for about 0.3 per cent of the €4 trillion-plus of assets in Ireland’s international funds hub at the time, their value has plunged since last Thursday, as the country became an economic and financial markets pariah after invading Ukraine. Joe Brennan reports.

Meanwhile, the profile of businessman Denis O’Brien has been removed from the website of LetterOne, the UK-based investment group founded by Russian oligarch Mikhail Fridman, who has been targeted by sanctions by the European Union over his alleged links to Russian president Vladimir Putin. Mark Paul has the details.

Following on from his story last week about the Holiday Inn at Dublin Airport, Mark reports today that Dublin’s newest hotel, the 393-bedroom Travelodge Plus on Townsend Street, has also been hired exclusively by the State to accommodate people seeking asylum in Ireland.

Read on: https://www.irishtimes.com/business/russian-assets-in-irish-funds-o-brien-s-links-to-oligarch-and-another-dublin-hotel-to-house-asylum-seekers-1.4816090

[silverbullet]

Russian assets in Irish funds; O’Brien’s links to oligarch; and another Dublin hotel to house asylum seekers

Business Today: The best news, analysis and comment from The Irish Times business desk

Wed, Mar 2, 2022, 06:40 Updated: Wed, Mar 2, 2022, 06:45
Ciara Kenny
 
Irish-domiciled funds held almost €13 billion of Russian stocks and bonds as of last September, as the Moscow stock market peaked at a record high, according to Central Bank sources. While Russian assets accounted for about 0.3 per cent of the €4 trillion-plus of assets in Ireland’s international funds hub at the time, their value has plunged since last Thursday, as the country became an economic and financial markets pariah after invading Ukraine. Joe Brennan reports.

Meanwhile, the profile of businessman Denis O’Brien has been removed from the website of LetterOne, the UK-based investment group founded by Russian oligarch Mikhail Fridman, who has been targeted by sanctions by the European Union over his alleged links to Russian president Vladimir Putin. Mark Paul has the details.

Following on from his story last week about the Holiday Inn at Dublin Airport, Mark reports today that Dublin’s newest hotel, the 393-bedroom Travelodge Plus on Townsend Street, has also been hired exclusively by the State to accommodate people seeking asylum in Ireland.

Read on: https://www.irishtimes.com/business/russian-assets-in-irish-funds-o-brien-s-links-to-oligarch-and-another-dublin-hotel-to-house-asylum-seekers-1.4816090

I'm guessing they'll charge the government rack rates seeing as we're moving into Patty's day territory!

[Cool Boola]

Nobody says Booo! to OBrien

[silverbullet]

Nobody says Booo! to OBrien

This is O'Brien's attack dog:

James Morrissey is a public relations consultant whose clients include Denis O'Brien, Atlantic Philanthropies, John McColgan and Moya Doherty.

A native of Kiltimagh, Co. Mayo, he was educated at St. Joseph’s College, Garbally Park, Co. Galway and University College, Dubin. He was a music journalist with Spotlight magazine before joining Independent Newspapers.

He co-founded The Sunday Business Post in 1989 with Frank Fitzgibbon, Damien Kiberd and Aileen O’Toole.

He is a director of several companies including Newstalk, Crannog Books and Claddagh Records.

His latest book The Bee’s Knees is published by Currach Press. His previous books include Omey, Inishbofin and Inishark, The Fastnet Lighthouse, On the Verge of Want (Crannog Books) and Hot Whiskey (The Kerryman).