Little-known and newly-incorporated trading companies have handled large volumes of Russian crude oil and products since the Russian invasion of Ukraine and the withdrawal of Western firms from trades with Russia’s oil. The little-known oil trading companies that have mushroomed are incorporated in jurisdictions outside of Europe and are often notoriously opaque in their management and dealings.
Some of those companies are said to have some representatives in common, according to documents reviewed by Bloomberg. …From Unknown To Unstoppable: New Traders Redefine Russia's Oil Landscape
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