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Spotlight | Africa
Dubai traders Coral Energy and Demex in Washington's sights over sale of Russian oil

An oil terminal in the Black Sea port of Novorossiisk, Russia, May 2018.
An oil terminal in the Black Sea port of Novorossiisk, Russia, May 2018. © Natalya Chumakova/Reuters
The US Office of Foreign Assets Control is investigating several trading firms suspected of selling Russian oil at a price below a cap set by the United States and its allies. They include Demex Trading and Coral Energy, which are particularly involved in Africa. [...]
Reading time 4 minutes Clotilde Ravel
Energy

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