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Ukraine-linked sanctions may threaten Ireland’s energy security – Coveney

The danger of sanctions from the Ukraine situation threatens Ireland’s energy security.

On Tuesday, Foreign Minister Simon Coveney warned that if sanctions were imposed, Russian coal deliveries to Moneypoint power station could be disrupted.

Also, Ministers were advised that retaliatory sanctions for military action might affect companies like Aughinish Alumina near Limerick, owned by Russian company Rusal, which was sanctioned by the US in 2018.

There are also concerns of retaliatory measures in the global financial services and aircraft leasing sectors.

sources said.
Inflationary force
Taoiseach Micheál Martin has ordered State Chief Executive Martin Fraser to monitor the risk of sanctions. The Department of Foreign Affairs coordinates government-wide sanctions action.

An official said the situation between Russia and Ukraine is being closely monitored by all relevant government departments.
The Taoiseach told the Dáil that hostilities in Ukraine could raise inflationary pressure on energy costs.

Mr Martin described the situation as “serious” and encouraged citizens to avoid travel to Ukraine.

“This might be the first ground conflict in Europe in decades,” Mr Coveney said, urging more diplomacy to defuse tensions. It might result in huge losses of life and, of course, massive disruption across Europe.”

John Brady, Sinn Féin’s foreign and defence spokesman, urged the Government to utilise its UN Security Council membership to “bring up a de-escalation”.
Meanwhile, Irish fishing boats will peacefully disrupt Russian naval operations off the coast of Cork next month.

Fishing is particularly important in this area, thus the Irish South and West Fish Producers Organisation wants to safeguard biodiversity and marine life.

“We do know that underwater sounds like active military sonar can have disastrous consequences” for marine life, including whales, said State Minister Malcolm Noonan.

“It can cause lasting or even fatal damage to their hearing systems and normal behaviour. I wrote to Minister Coveney and the Russian Ambassador about my concerns.”

He stated military manoeuvres planned for the Porcupine Seabight (southwest Cork) did not pose a danger to Ireland.