The largest oil trader Vitol Group refused to participate in one of the largest projects of Rosneft and sold a stake in Vostok Oil LLC, Forbes Ukraine reports..

Rosneft in 2020 began large-scale development of fields in Taimyr as part of the implementation of the Vostok Oil project. The potential for production of liquid hydrocarbons there may reach 115 million tons per year. In October 2021, a consortium of Vitol and Mercantile \u0026 Maritime Energy Pte. Ltd. (75% - Vitol, 25% - MME) closed the agreement on the purchase of a five percent stake in the authorized capital of Vostok Oil for €3.5 billion.

And on December 30, Vitol announced its withdrawal from the stake in Vostok Oil LLC. The Vitol-led consortium has completed the sale of its stake in Fossil Trading, FZCO, for an undisclosed amount..

Vitol Group stopped spot purchases of Russian oil at the end of March. In April, Vitol Group said it would suspend trading in Russian oil until the end of the year..

President of Ukraine Volodymyr Zelensky accused the world's largest independent oil trader Vitol of "