Timchenko sells stake in Gunvor

Timchenko sells stake in Gunvor

Oil-trading giant Gunvor Group said high-profile billionaire Gennady Timchenko has sold off his ownership stake in the company after the US added his name to a sanctions list over Russian plans to annex Crimea in a row with Ukraine.

Become an Upstream subscriber

Digital subscription

Our best value offer.



Digital trial

14 day Free Trial


No credit card needed

More subscription offers