OFSI

A photo of Rosneft headquarters seen at night

An IT misconfiguration has exposed an apparent network of oil traders that has helped move at least $90 billion of Russian crude and has become central to keeping export revenues flowing to the Kremlin, the Financial Times reported Friday. 

A photo of a Bank of Scotland branch in Halifax

The UK’s Office of Financial Sanctions Implementation (OFSI) has levied a £160,000 monetary penalty on Lloyds Banking Group for violations of Russia sanctions made by its subsidiary Bank of Scotland Plc. 

Fishing boat on water with large oil tanker in background during the sunset.

A Russian “shadow fleet” tanker sanctioned by the UK, EU and U.S. continued transporting oil in late 2025, underscoring what an investigation by Follow the Money describes as the limited impact Western measures have had on the cash flow Moscow earns from crude exports.