Britain has exempted the Druzhba oil pipeline from its new package of sanctions against Russian companies until mid-October 2027, according to a document from the Treasury.

A report reveals that Russian companies have used UK island territories to conduct $8 billion worth of trade since Russia's invasion of Ukraine, involving goods from oil extraction equipment to luxury yachts.

An anti-corruption group reports that Russian companies have channeled $8 billion in trade through secretive British island territories since the invasion of Ukraine, circumventing sanctions.