A report by the committee said the allocations were received by top Russian politicians, including advisors to Russian President Vladimir Putin.

The report, which will be released later on Monday, details alleged misuse of the program, and also found that 76 million barrels of crude oil were allocated to Russian deputy parliament speaker, Vladimir Zhirinovsky, and his political party between 1997 and 2002.

“The allocations awarded to the Russian Presidential Council were part of a larger scheme to influence the policy of the Russian government towards Iraq and UN sanctions,” said a summary of the findings of the Senate subcommittee heading the inquiry, chaired by Republican Norm Coleman.

“Massive allocations were also granted to Russian politicians, the pro-Kremlin Unity Party, and the Russian Ministry of Foreign Affairs, to name but a few,” said a summary of the 300-page reports detailing Russian involvement in the tainted program.

“Approximately 30 percent of all of the oil sold under the Oil-for-Food Program was allocated to Russia, which is an oil exporting country.”

The report comes after the Senate Permanent Subcommittee on Investigations found that former French Foreign Minister Charles Pasqua and British MP George Galloway received oil allocations.

Both men have denied the charges.

Prominent former Iraqi Saddam-era regime officials, including Tariq Aziz, are cited in the report, with documents, emails, contracts and notes scrutinised.

The report has produced documents on how the transactions were made, details on the shell companies in Switzerland, Cyprus and elsewhere, and the involvement of Bayoil Inc.

Among names mentioned is deposed Kremlin administration chief Alexander Voloshin, who has strong ties to former leader Boris Yeltsin. He left office in October 2003.

Mr Voloshin, who was named by Mr Yeltsin to head the Russian administration in 1999, was said to have personally benefited from allocations of five million barrels of oil, as did the Russian Presidential Council, in the same amount.

A close associate of Mr Voloshin, Sergey Issakov benefited to the tune of 80 million barrels of oil.

The report estimated that ultra-nationalist Mr Zhirinovsky profited by around US$9 million (A$11.5m).

In addition, a surcharge of between 10 and 30 cents a barrel that went to the Iraqi regime from September 2000 allowed Baghdad to recover a lucrative share of profit from oil sales.

“The purpose of these hearings is to lay out in detail… the massive volume of allocations to Russia when Russia is an oil-exporting nation,” said Senator Coleman.

The Russian allegations will make up part of a hearing on Monday which is also expected to include an appearance by Mr Galloway.