SWISS & RUSSIAN OIL
Swiss commodity trader Trafigura has become a major exporter of Russian oil as sanctions have squeezed Kremlin-backed companies' access to credit and led to a shake-up of how Moscow sells its crude.
Through a series of deals with Rosneft, the Russian state-controlled oil company, Trafigura exported almost 9m barrels of crude in April, worth more than $500m, according to port data compiled by Nefte Compass, an industry publication. Exports have continued at a broadly similar level in May.
This is a marked contrast to last year when Trafigura's deals with Rosneft rarely amounted to much more than 1m barrels a…
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