Swedish tax authorities have determined that the metals giant Rusal, owner of the Aughinish Alumina refinery in County Limerick, remains under the control of sanctioned oligarch Oleg Deripaska. Following this 73-page ruling, the Swedish tax agency, Skatteverket, has frozen 56,787,686 SEK (€5.1 million) in the tax account of Kubal, a Swedish aluminium smelter owned by … Read more
Aughinish Alumina must now secure nearly all of the €31 million required for its eventual closure and environmental cleanup in Co. Limerick. A new agreement with the Environmental Protection Agency (EPA) replaces previous reliance on a €14 million guarantee from Russian owner Rusal with upfront funds and performance bonds to mitigate risks from potential sanctions. … Read more
The Irish Government is preparing to request financial support from the European Union to maintain operations at the Aughinish Alumina plant in Co Limerick, should potential sanctions against its Russian owners necessitate state intervention. Officials in Dublin consider EU financial backing a prerequisite for any nationalization efforts, as the plant remains a critical supplier for … Read more
Ukraine’s foreign minister, Andrii Sybiha, has demanded a “swiftly, independently and transparently” conducted investigation into the Aughinish Alumina plant in Co Limerick. The call follows reports alleging that the facility supplies alumina to Russian smelters, which then provide materials for the manufacture of Russian missiles and drones. Irish government officials are currently conducting an investigation … Read more
The Aughinish Alumina refinery in County Limerick is facing mounting scrutiny over its role in the global supply chain, as international pressure grows to include the Rusal-owned plant in future European Union sanctions against Russia. While the facility remains a critical component of the European industrial sector, its continued export of alumina to Russia has … Read more