EconomyFour Gazprombank executives allegedly made over €9 million exploiting sanctions-driven market turmoil
The Financial Times reports that four senior managers at Gazprombank’s Luxembourg branch may have earned more than €9 million through over 50 coordinated trades. They reportedly borrowed at least €17 million from the bank, bought heavily discounted Gazprom bonds in Europe, and exchanged them in Russia for full-value ruble bonds. An EU official said the scheme sounded like sanctions circumvention requiring a criminal investigation. Gazprombank and Dmitry Derkach deny wrongdoing.
MMeduza★★★☆☆2026-08-26 12:49Original
Four Gazprombank executives allegedly made over €9 million exploiting sanctions-driven market turmoil
Economy