Commodity Majors Continue To Buy Russian Oil Despite Exit Pledge ...Middle East

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Commodity Majors Continue To Buy Russian Oil Despite Exit Pledge
Commodity trading heavyweights Gunvor and Vitol are still large buyers of Russian petroleum products despite the pledges they made last year to pull out of this business. Export data from the Russian customs authorities analyzed by the Financial Times has revealed that Vitol and Gunvor were among the ten biggest buyers of Russian refined petroleum products in the first four months of this year. Swiss Gunvor bought 1 million tons of Russian fuels worth some $540 million, making the company the eighth-largest buyer of the products, the Financial…

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