Vitol Group
LeaveRussia detail: Continue Operations
Vitol is a Swiss-based multinational energy and commodity trading company that was founded in Rotterdam in 1966 by Henk Viëtor and Jacques Detiger.
Business in Russia
Vitol and Gunvor help keep Russian refined oil flowing, data shows. Remain a significant buyer of refined oil from Russia more than a year after pledging to drastically reduce their business.
Decision trail
Decision date 27/06/2023 · Reference ↗
Stop buying Russian oil by the end of 2022. Vitol sells stake in Russian Arctic development. Vitol announces that it has divested its interest in Vostok Oil LLC. Vitol said: “Product exported from Turkish refineries is not Russian origin, according to all international regulations.” It said its volumes of Russian crude oil and products traded had fallen by more than 90% since the first quarter of 2022 and “volumes are now negligible”. “We continue with our policy of minimising purchases of Russian origin products, in full compliance with all applicable legislation and regulation in relation to sanctions,” Vitol said, adding that it continued to have a presence in Ukraine and intended to invest in the country long term. Revenue increased in 2024 vs 2023 by more than +30%.
Local stats (LeaveRussia)
Status history since 2022
- 03/08/2026 — operating · Imported from KSE LeaveRussia
Exposure profile
Full exposure profile is a Professional feature
Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
Upgrade to Professional