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Gunvor

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4 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…

5 months ago

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

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