Всі новости з тегом: Azerbaijan

Since May 2025, five Azerbaijani citizens have been under international sanctions: Tahir Garayev, Ahmed Kerimov, Anar Madatli, Talat Safarov, and Etibar Eyyub.

A scandalous trader from Baku with a Russian passport, Maltese citizenship, and residency in the UAE continues to facilitate the circumvention of sanctions in the transportation of oil from Russia.

This report examines the operations of Alkagesta Ltd, a Malta‑registered company accused in various reports of transporting oil products with disputed certificates of origin.

Our oil industry sources in Baku have informed us that the arrest of Adnan Ahmadzada is related to a push by the Azeri authorities to clean up Azerbaijan’s international reputation with regard to Russian oil.

Fuel smuggling from Libya is a business with billion-dollar turnovers, but very little is known about the scale of the maritime operation that regularly exports petroleum products from the country.

While Azerbaijan publicly distances itself from the Kremlin, Azerbaijani businessmen have found themselves at the center of an international scandal due to their involvement in schemes to bypass Russian oil sanctions.

Fuel smuggling out of Libya is a billion-dollar business, but little is known about the scale of the maritime operation that routinely ferries refined petroleum products out of Libya.

In 2022, while investigating locally-based companies that might have been violating sanctions, Alkagesta appeared on my list. This Azerbaijani-owned firm, a commodity trader headquartered in Malta, operates in Turkey, Azerbaijan, Turkmenistan, and even Georgia. Our inquiry did not uncover any wrongdoing. That year, the company generated approximately €2.1 billion in revenue and about €40 million in profit. One of their most actively traded commodities is oil, which they sell through various channels from Malta, in addition to currently leasing oil storage facilities in Delimara for bunkering purposes.