Conor Gallagher

Now, you could, in theory, there is capacity in other generation facilities to compensate for that if it closed tomorrow.

But the grid isn't set up to... The way the grid works is you've got the electricity grid on the West Coast and on the East Coast, and actually transferring it across is a lot harder than you might think.

It's really difficult to figure out.

And it was complicated by the fact that Alhannes gave the incorrect figures for exports to the CSO this year.

So Micheál Martin has been out and repeatedly making the point that, yeah, core principle of sanctions is they must hurt the target more than it hurts the sanctioner.

I don't know.

I don't have the figures or the expertise to say if it would hurt the EU more than Russia.

What we do know is, according to Ahinej's own updated figures, 51% in the first part of this year went to Russia.

So Russia's getting marginally more than the rest of the world.

So Russia, the Russian aluminium industry as a whole probably doesn't.

But the point that Rusal could just easily replace the aluminous getting from Aachen from, say, China and India, it'd be a lot more difficult than it's been made out to be.

Rusal benefits from this vertical integration.

It owns the smelters in Krasnoyarsk and elsewhere in Siberia.

It owns Ohanish.

It also owns some of the mines in the southern hemisphere.

So it's able to benefit from those savings and deals it's able to do with its internal companies.

If it was to go to China, which also considers Illumina and Arminium a strategic product,

they would have to pay a lot more, and China might not necessarily be willing to sell to them, depending on the geopolitical situation.

So what do you think on balance, jobs versus political probity?

Well, I suppose the ideal situation for those who, you know, are appalled by Russia's actions in Ukraine, but also want to protect jobs is some sort of nationalisation.