THE RUSSIA/UKRAINE WAR AND THE ILLICIT TRADE IN COAL AND METAL WHICH MAY BE WORTH MORE THAN $286 MILLION IN THE LAST THREE AND A HALF YEARS ALONE

On 11 June, C4ADS published a report on the illicit market which connects suppliers in Ukraine’s occupied territories with buyers around the world, from the UK to Hong Kong, and even to North Korea.  To circumvent EU and US sanctions and obscure the origins of the products, Russian enterprises have used a complex network of firms located in Moscow, Rostov, and self-declared republics like South Ossetia and Abkhazia – and use secrecy jurisdictions and complex webs of companies to hide their activity. 

https://c4ads.org/blogposts/2020/5/26/black-earth

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s