Signal
Submitted
Jul 2, 2026, 07:24 UTC
Sweden finds Rusal, owner of Ireland's Aughinish Alumina refinery, under control of sanctioned oligarch Deripaska, urging EU sanctions due to links to Russia’s military supply chain.
Swedish tax authority Skatteverket has 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. The ruling states that all of Rusal's European operations, including Aughinish, should be subject to EU sanctions targeting Russia, including asset freezes. The decision follows an investigation into sanctions evasion with arrests of Kubal executives in Sweden. Ukrainian President Zelenskiy criticized the failure to sanction such companies at the EU presidency opening in Dublin, highlighting their role in supplying Russia’s military through materials like alumina, used in aluminum for weapons. The ruling raises pressure on Ireland and the EU to act on Aughinish exports to Russia amid ongoing Russian military aggression in Ukraine.
Confidence: High
The signal involves a sanctioned Russian oligarch maintaining control of a key industrial asset supplying materials used in Russian military production, representing economic pressure and sanctions evasion facilitating Russia's hybrid warfare efforts.
Source URL
https://irishtimes.com/ireland/2026/07/01/sanctioned-russian-billionaire-retains-control-of-aughinish-parent-company-sweden-finds
Source reliability
F
Info credibility
6
Event time
Jul 1, 2026, 16:47 UTC
Event time confidence
unknown
Location
Aughinish Alumina refinery, County Limerick
Region
Munster
Primary actor
Oleg Deripaska
Country
Ireland
Countries
Ireland
Tags
Rusal, Aughinish Alumina, Sanctions, Oleg Deripaska, sanctions, Russia, russia–ukraine war, Sweden, Ireland, Military Supply Chain