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Moscow firm uses shell companies and crypto to evade Western sanctions

Reported · Written up by our desk · Trade & Tariffs

The New York Times Business reports that a Moscow firm supports Russia’s efforts to bypass Western sanctions using shell companies, cryptocurrency, and money-laundering methods.

According to the outlet, the company also uses a custom application to forge or manipulate trade records, aiming to help shipments and transactions appear legitimate.

The reporting describes how these tools are used to manage parts of Russia’s broader attempt to continue financial activity despite sweeping restrictions.

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