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 ...

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 ...
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 ...
OilPrice.com

Oil Tanker Storage Surges as Russia and Iran Face U.S. Sanctions

U.S. sanctions on Russia and Iran have led to an unprecedented volume of crude oil stored in tankers, signaling a potential ...

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 ...

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

Russian energy group Lukoil's foreign empire is suitor Gunvor's biggest acquisition target to date but looks far beyond the ...
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 ...