# Four Gazprombank executives allegedly made over €9 million exploiting sanctions-driven market turmoil

https://mins.news/en/item/33092

- Meduza, 2026-08-26 12:49 UTC
- Economy
- Original: https://meduza.io/en/feature/2026/08/26/four-gazprombank-executives-pocketed-over-9-million-by-exploiting-market-chaos-triggered-by-sanctions-against-russia

> 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.