Ex-minister warns of penalties on oil traders with ties to Russia

In October of last year, Vitol revealed that it had headed a consortium that had acquired a 5% share in Vostok Oil, together with Singapore-based oil trader Mercantile & Maritime.

Vitol stated: "Vitol is outraged and grieved by the unjustified loss of human life and the suffering inflicted. Vitol operates in complete compliance with all relevant penalties. Vitol owns a modest, passive, and illiquid stake in a Rosneft-control....