Russian firms have routed $8bn of trade through British island territories since invasion of Ukraine

Anti-corruption group Transparency International have catalogued ‘sanctions circumvention’ channelled through ‘unaccountable jurisdictions’Russian companies have used Britain’s secretive island territories to conduct $8bn (£5.9bn) of trade since the invasion of Ukraine, according to a report that highlights the flow of goods ranging from oil-drilling equipment to luxury yachts linked to Moscow’s political elite.The analysis, published a day after the fourth anniversary of Russia’s assault on its neighbour, raises questions over the role played by the British overseas territories in enforcing sanctions designed to turn the screw on the Kremlin.Yachts linked to allies of Vladimir Putin.Drilling kit for Kremlin-backed oil projects.Coal linked to Ukraine’s pro-Russian ex-president.A jet linked to the Chechen warlord Ramzan Kadyrov. Continue reading...


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