Gunvor’s $22bn gamble: how Torbjörn Törnqvist’s Russia deal collapsed
Commodities trading house shocked energy industry with audacious move that quickly crumbled under US pressure
Commodities trading house shocked energy industry with audacious move that quickly crumbled under US pressure

Co-founder to hand $6.6bn commodities trader to group led by US head Gary Pedersen

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

Washington’s move to prevent oil trader Gunvor from buying Russian group’s assets revives prospect of Rosneft power grab

Trump administration signals support for proposal to divvy up sanctioned Russian company’s international businesses

Buyer had close ties to Moscow and was co-founded by close associate of Vladimir Putin

Statement follows FT reporting on crude purchases that had been transported on sanctioned vessels