Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: VRW Conspirator

So...what is the name of the fifth largest Commodity trading company? The article doesn’t seem to say. Gunvor is the only name I could find in a search.


3 posted on 12/19/2014 1:02:57 PM PST by Bloody Sam Roberts (Laws that forbid the carrying of arms disarm only those who are not inclined to commit crimes.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Bloody Sam Roberts

“Back in March, otherwise very under-the-radar Swiss commodities trading giant Gunvor and the fifth largest oil trader in the world, made headlines in the press when one of its then-Russian owners, billionaire Gennady Timchenko (estimated net worth of $8.5 billion), sold his entire 44% stake in the company to his partner in the firm, Torbjorn Tonqvist, just a day before the US revealed its first round of sanctions against individuals affiliated with the Putin regime. “

From Zero Hedge

http://gunvorgroup.com/news/gunvor-ensures-continued-operations/?i=2


11 posted on 12/19/2014 2:03:49 PM PST by dynachrome (Vertrou in God en die Mauser)
[ Post Reply | Private Reply | To 3 | View Replies ]

To: Bloody Sam Roberts
So what is the name of the trading company?

Back in March, otherwise very under-the-radar Swiss commodities trading giant Gunvor and the fifth largest oil trader in the world, made headlines in the press when one of its then-Russian owners, billionaire Gennady Timchenko (estimated net worth of $8.5 billion), sold his entire 44% stake in the company to his partner in the firm, Torbjorn Tonqvist, just a day before the US revealed its first round of sanctions against individuals affiliated with the Putin regime. Timchenko was among them. As a result of the sale, however, Gunvor avoided falling on the US sanctions list and a Treasury official said that "Gunvor Group Ltd. isn’t subject to automatic blocking from dealing with U.S. persons under Russian sanctions because co-founder Gennady Timchenko owns less than 50 percent of the company.

snip

"But the biggest surprise in this story was the reason why Gunvor chose to discontinues its gold trading. Per Bloomberg, "executives decided to abandon the precious metals trading business partly because of difficulties in finding steady supplies of gold where the origin could be well documented, one of the people said."

14 posted on 12/19/2014 2:21:27 PM PST by Wingy
[ Post Reply | Private Reply | To 3 | View Replies ]

To: Bloody Sam Roberts

If it was a significant company that quit it would be all over the news. The fact that Barnhardt doesn’t even mention the name in her own article tells you something.

Conspiracy cranks sometimes find facts inconvenient. Her story might fall apart if she provided all the facts.


22 posted on 12/19/2014 8:48:09 PM PST by Pelham (Treason, not just for Democrats anymore)
[ Post Reply | Private Reply | To 3 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson