Russian Business Continues to be Avoided by Major Oil Traders

The world’s biggest oil traders said they’re wary of trying to muscle back into Russian exports, a response that might disappoint the US Treasury officials working to ensure no disruption to global petroleum supplies.

Vitol Group, the largest independent oil trader, doesn’t see getting back into the Russian market as a priority, Chief Executive Officer Russell Hardy said at the FT Commodities Global Summit in Lausanne, Switzerland on Tuesday. International sanctions permit the trade, albeit under conditions.

Source : Russian Business Continues to be Avoided by Major Oil Traders