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Decision to allow UK exports to Armenian firm under review over Russian links

28 février 2026 à 14:00

Cygnet Texkimp was approved to export machines to Rydena, but ministers examining deal after Guardian highlighted founders’ links to Kremlin military supply chain

Ministers are reviewing a decision to allow a British company to export hi-tech equipment to Armenia after the Guardian uncovered links to the Russian military supply chain.

Cygnet Texkimp, based in Cheshire, was weeks away from exporting two machines that produce carbon fibre “prepreg”, a lightweight material that can be used in a range of civil and military applications.

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© Composite: Getty / Guardian Design

© Composite: Getty / Guardian Design

© Composite: Getty / Guardian Design

Russian firms have routed $8bn of trade through British island territories since invasion of Ukraine

25 février 2026 à 09:01

Anti-corruption group Transparency International has catalogued ‘sanctions circumvention’ channelled through ‘unaccountable jurisdictions’

Russian companies have used Britain’s secretive island territories to conduct $8bn (£5.9bn) of trade since the invasion of Ukraine, according to a report that highlights the flow of goods ranging from oil-drilling equipment to luxury yachts linked to Moscow’s political elite.

The analysis, published a day after the fourth anniversary of Russia’s assault on its neighbour, raises questions over the role played by the British overseas territories in enforcing sanctions designed to turn the screw on the Kremlin.

Yachts linked to allies of Vladimir Putin.

Drilling kit for Kremlin-backed oil projects.

Coal linked to Ukraine’s pro-Russian ex-president.

A jet linked to the Chechen warlord Ramzan Kadyrov.

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© Photograph: Yekaterina Shtukina/Reuters

© Photograph: Yekaterina Shtukina/Reuters

© Photograph: Yekaterina Shtukina/Reuters

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