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Cyprus, Russia, UAE
Cross-border fraud case throws light on Moscow's global sanctions avoidance industry

LogoSubscribers only By Michael Sweeney
3 min read Lire en français

Former Russian transport minister and Putin adviser Igor Levitin, who is under sanctions as is his brother Leonid Levitin, the former owner of Quortia Ltd.
Former Russian transport minister and Putin adviser Igor Levitin, who is under sanctions as is his brother Leonid Levitin, the former owner of Quortia Ltd. © Maksim Konstantinov/SOPA Images via Reuters Connect

In an ongoing legal fight in Cyprus, Russian-held Quortia Ltd is suing its former financial partner for fraud and extortion. But earlier this year a Dubai judge said the company, owned by the sister-in-law of Putin adviser Igor Levitin, had itself engaged in activity bearing "the hallmarks of money laundering".

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