Gunvor reportedly kept dealing with sanctioned Russian energy firms despite its stated trade pullback

ICIJ and Göteborgs-Posten report that confidential ICBC records show Gunvor subsidiaries dealt with sanctioned Russian oil and gas producers between 2022 and 2024, despite Gunvor’s public claim that it had largely wound down trade in Russian oil and products. Gunvor acknowledged limited Russian commodities trading in 2024, saying it complied with sanctions laws and had disclosed the activity to financial institutions and relevant authorities.