Why gunvor Is Trending Today?

Russian oil giant Lukoil has agreed to sell its international assets, including those in Iraq and Romania, to Swiss commodity trader Gunvor. The deal comes after Lukoil faced sanctions imposed by the United States. Gunvor, a giant in the commodities trading sector with Soviet roots and ties to Russian President Putin, has emerged as the buyer of Lukoil's assets. The transaction is valued at over €19 billion.

Russian oil giant Lukoil has agreed to sell its overseas assets to Swiss-based trading company Gunvor. This decision comes after the U.S. imposed sanctions on the Russian company, making it difficult for Lukoil to operate internationally. The sale is expected to help Lukoil focus on its domestic operations and avoid further sanctions.