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Russia’s European Money Machine

Illustration: Louise Kock

Russian oil, gas, steel and other raw materials are a central part of the country’s economy and contribute to the revenues that keep the war economy running.

Despite extensive sanctions, Europe still plays an important role in the value chain that generates Russian export revenues. This happens through shipping, financing, services and corporate structures with links to European countries, including Denmark.

Danwatch is investigating how Western companies form part of Russia’s economic circuit, which Danish and European links can be documented, and who keeps Russia’s money machine running—and profits from it.

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