The US Senate’s permanent subcommittee on investigations has published a report revealing how Russian oligarchs used artworks and shell companies in a multi-million dollar trade-based money laundering operation.

The report alleges that Arkady and Boris Rotenberg and Arkady’s son, Igor, used transactions involving high-value art to evade sanctions imposed on them by the US on 20 March 2014 in response to Russia’s invasion of Ukraine and annexation of Crimea.

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