Oil firm stake sold to Swede to duck US sanctions | Radio Sweden

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Oil firm stake sold to Swede to duck US sanctions | Radio Sweden

Listen on Radio Sweden: “Putin has never been a beneficiary”

A director at a major oil company tells Radio Sweden he is “outraged” that the US put the company’s co-founder on the Russian sanctions list, Radio Sweden reported.

One of the businessmen on the US sanctions list, Gennady Timchenko, has sold his stake in Gunvor, the fourth biggest private oil-trading firm in the world, to his Swedish partner, Torbjörn Törnqvist.

Read original report from Radio Sweden…