Trump Administration Blocks Gunvor Takeover of Russian Oil Assets

To save his company, Gunvor’s other co-founder, Torbjörn Törnqvist, bought Timchenko’s shares. He sold Russian assets and ...

Lukoil operations face fallout from Trump sanctions, Gunvor drops bid

Lukoil's international operations faced mounting disruptions on Friday as a U.S. deadline for companies to cut off business ...

Hours After US Rebuke, Gunvor Secures $2.4 Billion From Banks

A syndicate of international banks agreed to provide commodity trader Gunvor Group with $2.4 billion in credit, with the ...

Market Voices: BlackRock's Rieder on rates, MP on rare earths, Lukoil

Senior Managing Director Rick Rieder, who is reportedly on the Trump administration's short list to succeed Federal Reserve ...

Gunvor warns of fuel shock as $22bn Lukoil deal prompts concern over Russia ties

Swiss trader’s audacious swoop on Russian group’s overseas assets revives industry speculation over Kremlin links ...

The United States did not expect speed from Lukoil: they refused the deal because they were out of business?

EADaily, November 7th, 2025. The US Treasury Department refused a deal to sell Lukoil's international assets to a Gunvor ...
Upstream Online

Gunvor withdraws from deal to buy sanctioned Russian oil producer's foreign assets

On 30 October, a week after the US imposed sanctions on Lukoil and subsidiaries in which it has a stake of at least 50%, the Russian company said it accepted an offer from Gunvor to take over Lukoil ...

Too big to swallow? Lukoil empire no simple acquisition for Gunvor

Vienna-based owner Lukoil International GmbH had equity of $22bln, its 2024 financial report showed, with $18.8bln worth of ...
Devdiscourse

U.S. Treasury Blocks Gunvor's Ambitions Amid Sanctions

The U.S. Treasury denied Swiss commodity trader Gunvor a license to acquire international assets from Russian energy giant Lukoil, citing sanctions against Lukoil. These U.S. sanctions aim to reduce ...