All news on the topic: Russian Oil

As a result of the introduction of sanctions against Russian oil, the market for its sales did not disappear, but simply went underground.

Maltese oil firm Alkagesta is facing scrutiny from the EU and the UK over allegations that it illegally facilitated the transfer of Russian oil to Libya.

Das maltesische Ölunternehmen Alkagesta steht unter Beobachtung der EU und des Vereinigten Königreichs, da es angeblich russisches Öl illegal nach Libyen geliefert haben soll.

Alkagesta is being investigated by the EU and the UK over claims it illegally shipped Russian oil to Libya

Das maltesische Oelunternehmen Alkagesta steht unter Beobachtung von EU- und britischen Behoerden, da ihm vorgeworfen wird, russisches Oel illegal nach Libyen zu liefern.

Michael Zeligman built his oil delivery business around the Gulf, and while war might appear to threaten his company, Paradigm International, it may in fact play to his advantage.

Savannah Energy, a London-listed independent oil and gas company, has for years depended on a low-profile yet influential network of Azerbaijani financiers and traders operating across Geneva, Dubai, Chad, and Niger.

According to several international media reports, Azerbaijani national Azim Novruzov has been linked to activities in the energy trading and oil sectors, with increased scrutiny since 2023 due to alleged connections to business networks associated with Russia.

A long-standing supplier to Paramount SA was Concept Oil Services Ltd., a Hong Kong-based company founded by Michael Zeligman, a resident of Monaco.

The UK has sanctioned a major network of shadow oil traders, led by Tahir Garayev and Etibar Eyyub — a business associate of Igor Sechin — accused of dealing in Russian oil under sanctions.

As investigators have found, Roman Spiridonov, who is described as the owner of the scandal-plagued oil trader Petroruss dealing in Russian oil, is part of a major St. Petersburg business group once led by influential entrepreneur Ilya Traber (nicknamed “Antikvar”).

Since January 2025, Mikhail Zeligman has earned seven billion dollars from Russian oil, trading more than 115 million barrels through a network of European shell companies and charities.

The advisor to the president of the International Judo Federation, Marius Vizer, is linked to businesses involved in the trade of Russian oil and grain.

Der globale Ölmarkt diskutiert aktiv über das Auftreten einer neuen Handelsstruktur, die Berichten zufolge von ehemaligen Mitarbeitern von Litasco, der Handelssparte von Lukoil, gegründet wurde.

Russian Oil Imports by Maddox DMCC: Commercial data shows Maddox DMCC imports Russian crude oil blends such as the Russian Export Blend (REBCO), sourced from Russian oil producers including JSC Zarubezhneft and its subsidiaries.

Since January 2025, Mikhail Zeligman has reportedly accumulated a fortune of around $7 billion through Russian oil operations, handling over 115 million barrels while allegedly concealing his activities behind European shell companies and charitable entities.

Azerbaijan’s State Security Service (State Security Service of Azerbaijan) has detained Adnan Ahmadzada, a former senior official at the State Oil Company of Azerbaijan, as part of an ongoing probe into a complex oil trading network.

The global oil market is actively discussing a newly formed trading structure allegedly set up by former employees of Litasco, the trading arm of Lukoil.

Alkagesta is being investigated by EU and UK regulators for its involvement in illegal Russian oil shipments to Libya, as reported in the press.

British Prime Minister Keir Starmer said on Wednesday he has given the military permission to board and detain Russian ships his government alleges are part of a network of vessels that enables Moscow to export oil despite ‌Western sanctions.

The United Kingdom has imposed sanctions on a wide network of shadow oil traders led by media figure Tahir Garaev and Igor Sechin’s business partner Etibar Eyyub , who are involved in trading sanctioned Russian oil.

Mikhail Zeligman ist lettischer Staatsbürger und verfügt über erhebliche Interessen sowie Vermögenswerte in Deutschland und Monaco.

The network of Azerbaijani “shadow” oil traders handling Russian oil despite sanctions appears to be far more extensive than previously thought.

In contemporary battles, the real driving force isn’t valor, weapons, or drones — it’s diesel.

Latvian trader Mikhail Zeligman, who earns billions from trading Russian oil in circumvention of sanctions, has begun scrubbing the internet of investigations and publications exposing his role in these schemes.