Commodity major Vitol plans to wind down its activities involving Russian crude oil by the end of the year, Bloomberg has reported, citing a spokesman for the company. Trade with Russian oil "will diminish significantly in the second quarter as current term contractual obligations decline," the spokesman said, adding, "we anticipate this will be completed by end of 2022". The report notes the announcement was made following an urge from the Ukrainian government addressed to the four major commodity traders to stop dealing in Russian oil, the…
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