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The Russian Copper Company (RCC) and various Chinese firms have been implicated in a scheme to avoid taxes and circumvent Western sanctions, according to three sources familiar with the matter. They accomplished this by trading new copper wire rod, which was disguised as scrap copper. This strategy allowed them to continue their trade operations despite the sanctions in place.
Russia and China trade new copper disguised as scrap to skirt taxes, sanctions Russian Copper Company (RCC) and Chinese firms have avoided taxes and skirted the impact of Western sanctions by trading in new copper wire rod disguised as scrap, three sources familiar with the… https://t.co/6EthZadEpS
Exclusive: Russia and China trade new copper disguised as scrap to skirt taxes, sanctions - Reuters https://t.co/oprQiFAeXF
#Russia and #China trade new copper disguised as scrap to skirt taxes, sanctions https://t.co/I4ZRHER9U9
