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“If the sanctions are relaxed sufficiently for us to go back to Russia, then why not? That is our responsibility,” Torbjörn Törnqvist, the leader of the international energy firm Gunvor, told to the agency. The Swiss trading firm Mercuria Energy Group also ponders its return to Russia.
Richard Holtum, CEO of the Singaporean transnational trading firm Trafigura Group, stated that returning to Russia would be challenging if only U.S. sanctions are removed while other restrictive measures stay intact. He stated that a “total removal of all sanctions is required before this can even be contemplated.”
Russell Hardy, leader of oil trader Vitol Group, described the negotiations for a ceasefire between Russia and Ukraine as “extremely challenging.” “We believe that [lifting sanctions] might require a year or two, so the organization isn’t worried about being prepared for it,” he stated, acknowledging that he could be mistaken.
On Tuesday, the United States announced that Moscow and Kiev had reached a ceasefire agreement in the Black Sea (the White House released two distinct statements regarding this issue after consultations with Russian and Ukrainian delegations). The Kremlin stated that the agreements would take effect following the removal of several sanctions on Russia, including the reconnection of certain banks to SWIFT.
source: bloomberg.com
Richard Holtum, CEO of the Singaporean transnational trading firm Trafigura Group, stated that returning to Russia would be challenging if only U.S. sanctions are removed while other restrictive measures stay intact. He stated that a “total removal of all sanctions is required before this can even be contemplated.”
Russell Hardy, leader of oil trader Vitol Group, described the negotiations for a ceasefire between Russia and Ukraine as “extremely challenging.” “We believe that [lifting sanctions] might require a year or two, so the organization isn’t worried about being prepared for it,” he stated, acknowledging that he could be mistaken.
On Tuesday, the United States announced that Moscow and Kiev had reached a ceasefire agreement in the Black Sea (the White House released two distinct statements regarding this issue after consultations with Russian and Ukrainian delegations). The Kremlin stated that the agreements would take effect following the removal of several sanctions on Russia, including the reconnection of certain banks to SWIFT.
source: bloomberg.com
