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Investigation Reveals $90 Billion Scheme to Disguise Russian Oil

3/21/2026

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Summary

Story summary

A Financial Times investigation found nearly fifty companies coordinating to disguise the origin of Russian oil, worth at least $90 billion.
The network, linked to Rosneft, was uncovered after an IT error involving a shared private email server.
Since U.S. sanctions on Rosneft in October 2025, Redwood Global Supply has become Russia's largest crude exporter.
Analysts say Rosneft and Lukoil use similar networks to bypass sanctions.

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Story summary

A Financial Times investigation found nearly fifty companies coordinating to disguise the origin of Russian oil, worth at least $90 billion.
The network, linked to Rosneft, was uncovered after an IT error involving a shared private email server.
Since U.S. sanctions on Rosneft in October 2025, Redwood Global Supply has become Russia's largest crude exporter.
Analysts say Rosneft and Lukoil use similar networks to bypass sanctions.