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€277 million in transfer fees with Russian clubs - Are European football clubs immune from sanction laws?

06/03/2026

More than four years after Russia invaded Ukraine, European clubs continue to carry out multi-million-euro transfers with Russian teams.

The deals offer Russian sides a vital financial lifeline – and hand the Kremlin a rare propaganda victory, analysts say.

FIFA under fire

  • Despite the controversy around these transfers, European clubs often justify the deals by noting that they are allowed by football’s world governing body FIFA.
  • FIFA and UEFA have been questioned by analysts such as Chadwick for not getting tougher with Russian football since the full-scale invasion started.
  • Although Russian clubs and national teams have been barred from international competitions, the country’s football association remains represented in the administrative bodies of UEFA and FIFA.
  • Most Russian representatives at UEFA were re-appointed in 2023, months after the international community had condemned the killing of hundreds of Ukrainians in the town of Bucha. Meanwhile, Russian officials at FIFA were re-appointed last year.

Show me the money

  • European football clubs have done substantial transfer business with Russian sides since the full-scale invasion of Ukraine was launched in February 2022. More than €277 million in transfer fees has changed hands.
  • French teams were responsible for the most lucrative deals, having conducted transfers worth more than €62 million with their Russian counterparts. In terms of numbers of transfers, clubs in Bulgaria and Portugal topped the charts. 
  • In terms of individual clubs, Greece’s AEK Athens earned the most from dealings with Russian sides, selling two players for more than €22 million.

Why does it matter?

  • The Kremlin benefits from transfers between European and Russian sides, according to analysts.
  • Firstly, the transfer fees provide a crucial financial lifeline.
  • Secondly, such deals help the government to convey the message – at home and abroad – that it is business as usual despite the war in Ukraine.
  • Many Russian club owners and directors have been sanctioned by the EU, the U.K. or the U.S. Several are also directly or indirectly connected to Russia’s war in Ukraine.
  • Many of the transfers analysed by Follow the Money in previous reporting have potentially breached EU sanctions.

How was this investigated?

  • Follow the Money analysed all international transfers to and from Russian clubs since the start of the full-scale invasion of Ukraine in February 2022.

  • Information on players, clubs, and transfer fees was sourced from the football database Transfermarkt.

Sources

 

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