7 November 2025: 08:30 GMT
Going against the tide was never going to be easy… Gunvor charged like a bear, eager to gobble up Lukoil’s foreign assets, seeming quite the cup. Bears get very hungry prior to winter. But the US isn’t happy! No food for you, they said. The US Treasury called Gunvor “the Kremlin’s puppet” and won’t back its purchase. Suitably chastised, Gunvor abandoned its bid, though denied being controlled by strings from afar.
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