- The investigation identifies Rosneft, Russia's state-controlled oil major, as central to a Kremlin-backed money-laundering network, with its hard-currency earnings routed through the operation.
- The network's purpose was to circumvent Western sanctions imposed on Russia, placing Rosneft at the centre of Russia's sanctions-evasion machinery.
- The FT says the findings are based on its own investigation, not on a regulator or government disclosure.
Quotes
“FT investigation shows the state oil group’s hard currency was at heart of Russia’s efforts to circumvent sanctions”