World's top oil trader will stop buying Russian crude
CNN
Vitol Group, the world's top independent oil merchant, will stop trading Russian crude oil and products by the end of the year, a source with knowledge of the situation told CNN.
The Dutch energy and commodities trading company will also not enter into any new Russian crude and product transactions, the source said.
Vitol declined to comment beyond confirming the accuracy of an article published by Bloomberg, which reported the news earlier.
The US and Ukraine are expected to sign a bilateral security pact on the sidelines of the G7 in Italy on Thursday, multiple people familiar with the matter told CNN, in a deal that lays out a path for the US’ long-term security relationship with Kyiv but that could also be undone by future US administrations.