The trader joins other companies and countries that avoid Russian oil.
The world's largest independent oil trader Vitol Group intends to completely stop trading in oil and petroleum products of Russian origin by the end of this year, according to Bloomberg .
Oil volumes will fall this quarter and will stop by the end of the year with a reduction in current contractual obligations. The company is not going to sign new agreements with Russia.
wrote a letter to Vitol executives and other traders asking them to end their business relations with the Russian fossil fuel industry in order not to support the cash flows that finance Russia's invasion of Ukraine.
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Due to the fact that Russia has launched a full-scale war against Ukraine, Russian oil was abandoned, in particular, the United States . The Prime Minister of the United Kingdom Boris Johnson has repeatedly called for an end to dependence on Russian gas and oil: he believes that Russia allows itself to attack other countries because it is convinced: Western countries depend on its oil and gas > and will not be able to properly resist her actions. To reduce dependence on Russian gas, Germany has agreed on energy cooperation with Qatar .
In the second half of March four of the world's largest oil service companies left the Russian market : Halliburton, Schlumberger, Baker Hughes and Weatherford.
