The Russian billionaire industrialist and oligarch Oleg Deripaska, the founder of Russian aluminium giant Rusal and his company, which owns the largest alumina refinery of Europe, Auginish Alumina in Limerick has been sanctioned by the UK government.
The sanctions undertake an asset freeze, a travel ban and a prohibition on British firms and individuals from dealing with Deripaska’s businesses.
The most technologically advanced and energy-efficient facility in the world of an alumina refinery, Auginish Alumina located near Foynes on the Shannon Estuary, employs 450 people at the refinery including a port.
It was claimed that Deripaska has close ties to the British establishment as reported to €2.4 billion and a large property portfolio in London.
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