An IT blunder has revealed an apparent smuggling ring that has moved at least $90bn of Russian oil and is playing a central role in funding the Kremlin’s war in Ukraine.
The FT has identified 48 seemingly independent companies working from different physical addresses that appear to be operating together to disguise the origin of Russian oil, particularly from Kremlin-controlled Rosneft.
The network was discovered because they all share a single private email server.
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