How a Russian forgery scheme evaded sanctions
Summary
FT News Briefing covers a Kremlin-backed forgery scheme that moved $7 billion through global banks via the SPFS system, evading sanctions. The episode also reports on Polymarket lobbying EU regulators to be classified as a financial services firm rather than a gambling company. Additionally, it discusses how Germany’s political crisis threatens the EU’s ability to agree on its next seven-year budget before upcoming elections in major member states.
Topics discussed
Sponsor: Hard Lessons podcast by Morgan Stanley
FT News Briefing introduction and day's headlines
Investigation: Kremlin-backed SPFS money laundering scheme
Polymarket lobbies EU and UK regulators for expansion
Germany's political crisis impacts EU budget negotiations
Philippines bans ube exports indefinitely
Sign-off and show notes reference
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Sponsor: Advance marketing conference in New York
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