FT Uncovers $90 Billion Russian Oil Smuggling Operation

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A Financial Times investigation uncovered a $90 billion Russian oil smuggling operation involving 48 companies, including those linked to Russia's top oil producer Rosneft, through a shared private email server.

Market Impact

Market impact analysis based on bearish sentiment with 85% confidence.

Sentiment
Bearish
AI Confidence
85%
Time Horizon
Short Term

Article Context

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Nearly fifty seemingly separate companies have been involved in coordinating to mask the origin of Russian oil, moving crude worth at least $90 billion, an investigation of the Financial Times has found. FT uncovered the network due to an IT blunder—the 48 identified entities all share a single private email server. The oil smuggling network includes firms and persons linked to Russia’s top oil producer, state-controlled Rosneft, and these have been in coordination to mask the origin of Russian crude, especially of Rosneft. …

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Original article published by OilPrice.com on February 20, 2026.
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