A groundbreaking Financial Times investigation reveals how Russia’s state-owned oil company used hard currency reserves to systematically evade international sanctions, undermining Western economic restrictions. The findings highlight a sophisticated network of transactions designed to bypass financial controls, raising questions about the effectiveness of global measures against Moscow. Documents and data analyzed by the FT expose how these maneuvers allowed Russia to sustain critical imports and maintain economic stability despite targeted penalties. The report underscores the challenges of enforcing sanctions in an era of complex financial strategies.
FT investigation shows the state oil group’s hard currency was at heart of Russia’s efforts to circumvent sanctions
