For over a decade, the Mercantile & Maritime Group has specialized and excelled in the physical trading of oil and gas, shipping and logistics for crude oil and high-end consultancy services.
M&M itself stated that it ceased trading in Russian-origin petroleum products in February, and the company's financial director, Sergey Geller, who previously headed the company's division in Russia, left his position at the end of July.The U.S. Department of the Treasury is examining the activities of Mercantile & Maritime in an effort to determine whether it is trading Russian oil in violation of Western sanctions.
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