How a Russian forgery scheme evaded sanctions

Standard Chartered, Citigroup and other international banks have handled billions of dollars from a Kremlin-backed fintech company that tricked its way into the global financial system, and Polymarket is lobbying to win over European financial watchdogs. Plus, Germany’s election might impact the EU’s budget.

Mentioned in this podcast:
Kremlin-backed forgery scheme moved $6.9bn through global banks (ft.com/content/3848a4ad-1426-4352-ba86-ef1279c…)
Polymarket starts European lobbying blitz to win over financial watchdogs (ft.com/content/ec52d0ab-3f68-476f-b308-b8e682d…)
Merz’s woes cast doubt over EU’s €2tn budget (ft.com/content/3c494ae7-67b3-4ca1-a9e2-f3a8356…)
Philippines’ ube export ban threatens end of purple patch (ft.com/content/d16ccf5f-2b17-45ca-a16a-2275c82…)

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The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Kelly Garry. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com (ft.com/content/3d84cb4d-6dcc-42a5-8a54-3505adc…)
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