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Free AccessPetroecuador Request Trafigura Avoid Russian Diesel
The Ecuador state oil company Petroecuador has asked global commodities trader Trafigura to stop importing Russian diesel amid concerns about sanctions in a statement on Sunday.
- Trafigura was requested to avoid Russian supplies to comply with US and EU sanctions.
- In June they agreed a contract for the delivery of 1.68m barrels of diesel in six shipments between July and September but didn’t impose any restrictions on the origin of the supply. Petroecuador said suppliers guarantee the delivered products may be freely bought and sold and have no links to “contraband, money laundering, let alone international sanctions”.
- Ecuador depends on foreign diesel imports for motor fuel and electricity.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.