Aughinish Alumina will be expected to provide the government with regular evidence its products are not supplying the Russian military.
Under a new oversight arrangement, documentary evidence gathered by Swiss auditing company SGS will examine the plant's supply chains in Russia.
The action plan is laid out in a confidential report, seen by the Irish Times, which was completed last week.
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However, Irish officials have reportedly not ruled out taking enforcement action if evidence is found of the alumina being used in weapons.
The factory, which processes bauxite, is a significant employer in North Kerry and West Limerick.
