Billion for Timchenko: Gunvor repaid the debt to the former co -owner

The Gunvor oil plotter closed his obligations to the former co -owner of Gennady Timchenko, allocating to paying off the debt for his share of special individuals and the owner of 87% of the shares of Torbjorn Torcvist for $ 1 billion, writes The Financial Times newspaper.

The company emphasized that the transaction did not violate sanctions restrictions. The sanctions were imposed against Timchenko after the annexation of Crimea to Russia. The businessman owned 43.5% of the shares of an international oil industry, and as a result of sanctions, the company's work could be very difficult.

Timchenko and the company ultimately stated that the package of the Russian billionaire was sold to the second largest holder to Torkvist the day before the imposition of sanctions.

According to the representative of Timchenko, the transaction is completely closed, there are no obligations to the businessman, RBC writes in this regard.

Gunvor previously reported on an increase in profits for 2015 by 4.7 times, to 1.25 billion dollars.

The positions of Gunvor, one of the five leading oil oil industry, founded in 2000, shaken in 2014, when the United States imposed sanctions associated with Ukraine against its Russian co -founder and co -owner of Timchenko. According to Russian President Vladimir Putin, the West is trying to "control" Timchenko for friendship with him.

Last summer, Gunvor sold a controlling stake in its once highly valuable Russian oil terminal on the Baltic Sea. Andrei Bokarev, a Russian billionaire, whose business interests cover the coal industry and railways acquired a share of Gunvor in Ust-Luga.

In the fall of 2015, Gunvor announced his intention to sell all assets in Russia and go to new markets.