Russian Firms Route $8 Billion Trade Through British Island Territories

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 o...

By Rob Davies