Gunvor’s $22bn gamble: how Torbjörn Törnqvist’s Russia deal collapsed

Financial Times•Friday, November 14, 2025 at 10:19:00 PM

Gunvor's recent $22 billion deal with Russia, which collapsed due to U.S. pressure, underscores the precarious nature of international energy trading. The fallout from this incident reverberates through the energy sector, reminiscent of challenges faced by other industries, such as Hollywood's commercial production crews, who are also grappling with a decline in work opportunities. Both sectors illustrate how external pressures and market dynamics can dramatically impact industry stability, emphasizing the need for resilience in the face of geopolitical uncertainties.

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