Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back

Gunvor Group Ltd is a Cypriot-domiciled multinational commodity trading company registered in Cyprus, with its main trading office in Geneva, Switzerland. Gunvor also has trading offices in Singapore, the Bahamas, and Dubai, with a network of representative offices around the globe. Founders: Torbjörn Törnqvist, Gennady Timchenko.

 
 
 

Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back
Revenue(RF), mln.USD
45
Assets(RF), mln.USD
26
Capital(RF), mln.USD
10
Glob.Revenue, mln.USD
135000
Staff(RF), 2021
9

Vitol and Gunvor help keep Russian refined oil flowing, data shows. Remain a significant buyer of refined oil from Russia more than a year after pledging to drastically reduce their business.

The Company Statement
June 27, 2023

Refuses from new business transactions with Russia, the Company said it would only fulfill current contracts that are not subject to sanctions. Gunvor handles no Russian crude and only very small quantities of products.

Open the Statement
Statements Archive
March 19, 2024Gunvor CEO Sees Russian Refining Capacity Taking Hit from Drone Strikes
November 16, 2023American purchases of laundered Russian oil worth at least $180 million to the Kremlin
March 21, 2023Big Oil Traders Stay Circumspect on Reviving Russia Dealings
Demand to Leave Russia:Petition text has been copied to the clipboard.
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