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Gunvor

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3 months ago

Lukoil has yet to find a buyer for its international units after a deal with Swiss-based Gunvor fell through.
Commodities trading house shocked energy industry with audacious move that quickly crumbled under US pressure

Ukraine war briefing: mass production of Ukrainian ‘Octopus’ interceptor drones begins ⊖⊖

Defence ministry says locally developed technology tested in combat and shown to work against Russia’s deadly Shaheds. What we know on day 1,361

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Ukraine says it …

Ukraine war briefing: Fire sale of Lukoil assets before start of US sanctions on Russia ⊖⊖

Foreign properties may be nationalised if Lukoil doesn’t sell, or the proceeds frozen if it does; Zelenskyy grapples with corruption scandal fallout. What we know on day 1,359

The foreign oil refineri…

The U.S. Treasury said the U.S. would “never” allow Gunvor to operate Lukoil’s assets while Putin “continues the senseless killings” in Ukraine.

Ukraine war briefing: Ukrainian court jails Russian soldier for killing PoW in landmark sentence ⊖⊖⊖

The soldier is the first to be jailed for such a crime after being found guilty of shooting dead a Ukrainian soldier who had surrendered in Zaporizhzhia region. What we know on day 1,353

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Treasury calls Swiss trader ‘Kremlin’s puppet’ and says it would block its licence to operate
The Swiss-based trading house, which had offered to buy the Russian oil giant's international assets, called the accusation "fundamentally misinformed."
The buyer, energy trading firm Gunvor, was co-founded by Russian billionaire and Putin ally Gennady Timchenko.

4 months ago

Vitol, Gunvor and Trafigura experience difficult year after reduced volatility in energy prices hits returns

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