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Russia

The Russia subcategory offers deep dives into corruption, organized crime, and financial crimes linked to Russia. From oligarchs and political elites to covert networks and international money laundering, these investigations expose the intricate web of corruption and criminal activity within and beyond Russia’s borders. Explore exclusive reports that shine a light on how power and wealth are amassed and protected in one of the world’s most complex political landscapes.

China Becomes Russia’s Lifeline for Critical War Minerals

To sustain its oil exports, Russia has been drawing on a network of old tankers it sources from private sellers around the world. A new analysis by Follow the Money and OCCRP shows that Western shipowners have earned at least $6.3 billion selling hundreds of aging tankers on to shell companies, from where they make their way into the shadow fleet.
Alex Johnson

Swedbank’s High-Risk Secrets

One of Tallinn’s most notorious corruption scandals came to a quiet conclusion this year when a case against Swedbank was thrown out on a technicality. But hundreds of newly released files show bank managers routinely flouted anti-money laundering protocols in an effort to assist high-flying Russian clients.
Alex Johnson

Secretive Cyprus-Registered Funds Were Used to Hide Megayachts and Luxury Real Estate Linked to Sanctioned Russian Banker

In Cyprus, a new type of investment fund was marketed to clients as a way to avoid disclosing their ownership of assets. In one case, these funds were used to obscure the ownership of offshore companies that allegedly held luxury assets linked to powerful Russian banker Andrei Kostin, including two megayachts worth tens of millions.
Alex Johnson